Profits equal: A) total revenue minus variable costs. B) ...

[joblessjake]

Profits equal:
 
  A) total revenue minus variable costs.
  B) revenue minus fixed costs.
  C) total revenue minus total costs.
  D) total revenue.

Question 2

If a job pays a wage of 50 per hour, but has a non-wage cost valued at 20 per hour, the net benefit of taking the job equals:
 
  A) 2.5 per hour.
  B) 20 per hour.
  C) 30 per hour.
  D) 70 per hour.

[covalentbond]

Answer to Question 1

C

Answer to Question 2

C