Profit may be defined as
A. the difference between total wage costs and total sales revenue.
B. total revenue from sales.
C. the difference between total production costs and total sales revenue.
D. the amount of money paid to shareholders as dividends.
Answer:C
Profit may be defined as
A. the difference between total wage costs and total sales revenue. B. total revenue from sales. C. the difference between total production costs and total sales revenue. D. the amount of money paid to shareholders as dividends.