Suppose compensation is given by W = 500,000 + 200 ? + 17S, where W = total compensation of the CEO, ? = company profits (in millions) = $300, and S = sales (in millions) = $500. What percentage of the CEO's total earnings is tied to profits of the firm?
A. 1.5 percent
B. 43.4 percent
C. 7.9 percent
D. 10.6 percent
Answer: D
Economics
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