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Answers
A
B
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E
Stats
Difficulty—
A firm increases its revenues by \(10\%\) between \(2008\) and \(2009.\) The firm’s costs increase by \(8\%\) during this same time. What is the firm’s percent increase in profits over this period, if profits are defined as revenues minus costs?
1) The firm’s initial profit is \(\$200,000\)
2) The firm’s initial revenues are \(1.5\) times its initial costs
The OA is B
1) The firm’s initial profit is \(\$200,000\)
2) The firm’s initial revenues are \(1.5\) times its initial costs
The OA is B
