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Author Question: Profits equal: A) total revenue minus variable costs. B) revenue minus fixed costs. C) total ... (Read 130 times)

joblessjake

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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