A New Firm Loses $1,600 in Its First Month, but Its

question 37

Multiple Choice

A new firm loses $1,600 in its first month, but its profit increases by $400 in each succeeding month for the rest of its first year. What is its profit in the twelfth month? ​

• A)$6,800
• B)$2,800
• C)$3,200
• D)$6,000
• E)$4,400

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Definitions:

Biological Traits

Characteristics that are passed from parents to their offspring through genes, including physical attributes and susceptibility to certain diseases.

Biological Determinism

The belief that human behavior and social phenomena are determined by genetic or physiological factors, overlooking the influence of culture, upbringing, and social environment.

Physiological Characteristics

The physical and biochemical traits of an organism, which include bodily functions and processes.

Gender Socialization

The process by which individuals learn the cultural norms and expectations traditionally associated with their gender.