FastForward Had $3,000 of Profit for October

question 165

Multiple Choice

FastForward had $3,000 of profit for October. Total revenues were $10,000. Calculate the profit margin.

• A) 45%.
• B) 15%.
• C) 30%.
• D) $7,000.
• E) $1,500.

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Definitions:

Labor Demand

The quantity of labor that employers are willing to hire at a given wage rate, reflecting the demand for labor in the labor market.

Firm's Product

A firm's product is the good or service produced or offered by a business entity.

Job Search

describes the process individuals undertake to find a new job or employment opportunity.

Matching Workers

The process of aligning the skills and preferences of job-seekers with the needs and demands of employers.