Solve. -The Number of Employees That Work at a Company Has

question 185

Multiple Choice

Solve.
-The number of employees that work at a company has increased by 40% over the past year. This year there are 356 more employees with the company than last year. How many employees were there last year?

• A)890 employees
• B)14,240 employees
• C)534 employees
• D)8)9 employees

---

Definitions:

Maximize Profits

A strategy or goal where a firm or individual seeks to achieve the highest possible profit from its operations.

Peak Efficiency

The state of operation in which a system or process achieves its maximum output with the lowest input, often ideal in terms of productivity.

Perfectly Competitive Firm

A company that operates in a market where there are many sellers and buyers, the product is homogeneous, and there is free entry and exit from the market.

MR (Marginal Revenue)

The surplus income obtained by selling an extra unit of a product or service.