Answer the Question $50 \% \times 10 \% = 0.5 \%$

question 123

Multiple Choice

Answer the question.
-Of those who applied to the college, 50% were accepted and of those accepted, 10% enrolled. What percentage of those who applied, enrolled?

• A) \(50 \% \times 10 \% = 0.5 \%\)
• B) \(50 \% \times 10 \% = 5 \%\)
• C) \(50 \% + 10 \% = 60 \%\)
• D) \(50 \% - 10 \% = 40 \%\)

---

Definitions:

Total Revenue

The total amount of money received by a firm from sales of its products or services, before any expenses are subtracted.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Short Run

In economics, a period during which at least one factor of production is fixed and cannot be changed, limiting adjustments to changes in demand or technology.

Average Total Cost

The total cost of production (fixed and variable costs) divided by the number of units produced, indicating the cost per unit of output.