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

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

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

Answer

Brief Explanations:

Profit is calculated as total revenue minus total expenses in business. It represents the financial gain after accounting for all costs related to business activities. The first three options describe marginal - related concepts (marginal revenue or cost), not profit.

Answer:

Profit is the financial gain from business activity minus expenses.