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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 6: The Organization of the Firm
  5. Question
    Suppose a Firm Manager Has a Base Salary of $75,000
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Suppose a Firm Manager Has a Base Salary of $75,000

Question 102

Question 102

Multiple Choice

Suppose a firm manager has a base salary of $75,000 and earns 1.5% of all profits.Determine the manager's income, if revenues are $10,000,000 and profits are $5,000,000?


A) $75,000.
B) $150,000.
C) $225,000.
D) $300,000.

Correct Answer:

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