What are profitable goods?
What are profitable goods? If the respective prices are greater than the respective average costs for all products manufactured and sold by a multi-product firm, then the firm is making a profit. A product with total average cost per unit less than the price received per unit is a fully profitable product. What is the most profitable thing to make and sell? Crafts with the Highest Profit Margins1 – Jewelry. The jewelry industry is a multi-billion dollar industry, so there's room for every business. 2 – Art. Everyone hangs some form of art in their home so it's an industry...