what is the best definition of profit?\n○ profit is the possible income from producing an additional…

what is the best definition of profit?\n○ profit is the possible income from producing an additional item.\n○ profit is the price of producing one additional unit of a good.\n○ profit is the additional income gained from selling an additional good.\n○ profit is the financial gain from business activity minus expenses.

what is the best definition of profit?\n○ profit is the possible income from producing an additional item.\n○ profit is the price of producing one additional unit of a good.\n○ profit is the additional income gained from selling an additional good.\n○ profit is the financial gain from business activity minus expenses.

Answer

Brief Explanations:

Profit is calculated as total revenue (financial gain from business) minus total expenses. The first three options describe marginal - related concepts (marginal revenue or marginal cost), not profit.

Answer:

Profit is the financial gain from business activity minus expenses.