Question

For a business, profit can be defined as

(a) the total cost of production and the scarcity of a product.
(b) the difference between scarcity and total revenues.
(c) the total revenues from buyers and stockholders.
(d) the difference between the total cost of production and the total revenues received from buyers.

Answer 1

C

Step-by-step explanation:

The total revenues from buyers and stock holders.