The amount a product sells for above the total cost of the product itself is called
A)the price elasticity of demand.
B)marginal cost.
C)marginal revenue.
D)the break-even point.
E)profit margin.

Question

Quizplus · Accepted Answer

The amount a product sells for above the total cost of the product itself is the profit margin, which is the difference between the selling price and the total cost of producing the product. Choices A, B, C, and D are all related to different concepts in economics, but are not directly related to the definition of profit margin.

The Amount a Product Sells for Above the Total Cost