Use the Following to Answer Question

question 68

Multiple Choice

Use the following to answer question:
-(Table: Total Cost and Output) Use Table: Total Cost and Output,which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $67.50,how much is Sergei's profit at the profit-maximizing output?

• A)$680.00
• B)$270.00
• C)$102.50
• D)$100.00

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Definitions:

Minimum Wage

The lowest legal hourly pay rate that employers can pay to workers, established by government law or regulation.

Executive Workers

Individuals who hold high-ranking positions within an organization, overseeing its management and making major decisions concerning its operation.

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, and other verbal or physical behavior of a sexual nature, which can create a hostile work environment.

Small Business

A business owned by an individual, partners, or a private group, characterized by having a smaller workforce and generating lower yearly income compared to larger corporations or standard businesses.