The Table Below Provides Summary Information About the Students in a Class.The

question 8

Multiple Choice

The table below provides summary information about the students in a class.The gender of each individual and their age is given. If a student is randomly selected from this group, what is the probability that the student is male?

• A)0.12
• B)0.48
• C)0.50
• D)0.52
• E)0.68

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Definitions:

Economic Profit

A firm's total revenues minus its explicit and implicit costs; a measure of performance that includes opportunity costs.

Efficient Level

The optimal point of production or operation where a firm, market, or economy can achieve the best possible outcome with the least waste of resources.

Society's Point

A perspective or consideration based on the collective interests or well-being of a community or society as a whole.

Total Revenue

The total income a firm receives from the sale of its goods or services.