During 2020, Wu Han Co

question 29

Multiple Choice

During 2020, Wu Han Co. generated revenues of $95,000. The company's expenses were as follows: cost of goods sold of $47,000, and operating expenses of $16,000.Wu Han's gross profit is

• A) $27,000.
• B) $32,000.
• C) $48,000.
• D) $95,000.

Understand how education level affects median earnings across different demographics.

Interpret the effects of labor supply decisions on individual and overall labor market outcomes.

Identify the effects of discrimination on firm profitability and labor market efficiency.

Understand how the opportunity cost of leisure influences labor supply decisions.