If the AVC is $12, the AFC is $4, the AR is $20, and output is 6,000 units, the total profit is

a. $72,000.
b. $48,000.
c. $24,000.
d. negative $96,000.

c. $24,000.

Economics

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Sales agents being paid a fixed commission on the sales are more likely to

a. Tell their bosses that they need to price higher to make sales b. Tell their bosses that they need to price lower to make sales c. Not say anything to their boss d. None of the above

Economics

Susan argues that she is the victim of economic discrimination. The primary technical difficulty for an economist investigating her claim will be

a. defining economic discrimination. b. finding a worker with the same productivity as Susan for comparison purposes. c. defining statistical discrimination. d. measuring Susan's human capital.

Economics