What is the best definition of profit?

1 answer:

4 0

Profit can be best defined as gain, especially when achieved by increasing the price of goods so the money paid by consumers outweighs the cost for the producer, leaving a sizeable return on what has been paid out. Once expenses and costs have been covered, profit is the money left over.

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Multiple Choice Investors panic causing security prices around the globe to fall precipitously

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Sarah offers to pay allison $150 if allison will paint her apartment while she is out of town on vacation for two weeks. allison

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The best answer for the question of which is best described above is letter a. unilateral contract. It is because it is a legal promise between the parties which is Allison and Sarah. The unilateral contract has the ability to pay one party if the other party is able to do his or her task or perform a certain duty that the other party ask or told.

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While making purchase decisions, which of the following products is most likely to elicit the greatest reference group influence

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Answer: a car

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While making purchase decisions, the product that is most likely to elicit the greatest reference group influence will be a car.

This because when an individual has a car, other people see the person and use that as a reference group. It should also be noted that a good thatbis considered public good has a strong influence group.

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A realtor is trying to predict the selling price of houses in Greenville (in thousands of dollars) as a function of size (measur

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Answer:

a. The estimated coefficient for size is approximately 13.81.

b. In the regression, two predictors are used. These two predictors are size and fireplace (FP).

Explanation:

a. The estimated coefficient for size is approximately _____.

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Therefore, the estimated coefficient for size is approximately 13.81.

b. How many predictors (independent variables) were used in the regression?

Independent variables can be described as variables that are changed or manipulated in order to measure the effect of their changes on the dependent variable. Independent variables are therefore also called predictors because they employed to predict the dependent variable.

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is a person who benefits from something without expending effort or paying for it.

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