If a business produces and sells only one unit of a good,its profit would be the:

A) price received for the good.
B) price of the product minus the cost of the resources used to produce the product.
C) return paid to the firm's bank on its outstanding loans.
D) price of the product minus the wages paid for the labor used to produce it.
E) wages paid for the labor used to produce the product minus the price.

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azeem patel · Accepted Answer

Final Answer : B, Explanation :  Profit is the difference between the price of the product and the cost of resources used to produce it. If the business sells only one unit, then the profit will be the price received for that unit minus the cost of resources used to produce it. Therefore, the correct answer is B.

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