A business firm's profitability is based in part on the
A) prices of their nonlabor inputs.
B) productivity of their workers.
C) wage rates they must pay their workers.
D) business taxes they must pay.
E) all of the above

Question

Quizplus · Accepted Answer

A business firm's profitability is influenced by a variety of factors including the prices of their nonlabor inputs (such as raw materials), the productivity of their workers (which affects output and efficiency), the wage rates they must pay their workers (which impacts labor costs), and the business taxes they must pay (which affect net income). All these factors combined can significantly impact a firm's profitability.

A Business Firm's Profitability Is Based in Part on the