Which of the following statements is TRUE about profits?

A) Profits are considered a cost of doing business.
B) Profits are excluded from the circular flow of the income diagram.
C) The only portion of profits that are included in the circular flow diagram are the portion paid out in the form of dividends.
D) Profits are considered one of the resources necessary for production.


A

Economics

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If the demand for opera singers increases faster than the supply, wages will rise

a. True b. False Indicate whether the statement is true or false

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Refer to the following graph.This set of cost curves is:

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The demand for markers is ________ than is the demand for Sharpies because ________.

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