Question: Profit equals the total amount of money made minus

Answer: Production cost

Question: standard of living is the level at which

Answer: Consumers enjoy desired goods

Question: Market saturation results from excess

Answer: Supply

Question: How much profit dose the company make from producing and selling four soccer nets?

Answer: 109

Question: Sabrina’s soccer produces soccer balls and nets wich are sold at sporting goods. Which factors directly affect the company’s. Profit?

Answer: -a rise in the number of soccer leagues

-a decrease in the cost of raw materials

-the opening of two sporting goods stores

Question: What is the marginal cost of producing a fifth sccer net

Answer: 2.00

Question: Anytown households that earn more than 75,000 tend to buy sports equipment, while hose holds that earn less than 75,000 tend to buy TVs. Which new business would be most likely to succeed?

Answer: An electronics store

Question: The graph shows production possibilities curb for Sabrina’s soccer . At wich point are resources not used efficiently?

Answer: Point y

Question: The chart shows a production possibilities schedule for Sabrina’s soccer. Wich statement correctly explains the chart

Answer: The opportunity cost of producing 2 soccer balls is one soccer net

Question: If Sabrina’s soccer makes 3 nets how many balls can the company produce

Answer: 4