In the Short Run,if a Firm Operates,it Earns a Profit

question 97

Multiple Choice

In the short run,if a firm operates,it earns a profit of $500.The fixed costs of the firm are $100.This firm has a producer surplus of

• A) $500.
• B) $100.
• C) $400.
• D) $600.

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Definitions:

Turnover

In a business context, the rate at which employees leave a company and are replaced by new employees.

Independent Variable

A variable in an experiment or study that is manipulated or changed by the researcher to observe its effect on the dependent variable.

Telecommuting Policies

Guidelines and practices designed to manage and support the work of employees who work from remote locations, often from home.

Turnover

In a business context, it refers to the rate at which employees leave a company and are replaced within a certain period.