If, at the firm's projected sales level, the marginal cost is $40, the average cost is $50 and the markup is 30 percent, then its selling price is
A) $40. B) $50. C) $52. D) $65.
D
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According to the text, minimum-wage laws cause increases in
A) productivity. B) employment possibilities. C) poverty. D) structural unemployment.
The major factor contributing to the appreciation of the dollar between 1995 to 2000 was:
A) decrease in capital inflows. B) increase in capital inflows. C) slow GDP growth in the U.S. D) none of the above.
Governments tend to set price ceilings:
A. to ensure everyone can afford certain goods. B. to ensure producers make enough for everyone. C. to ensure producers make enough profit to stay in the industry. D. to prevent consumers from choosing the wrong goods.
Talking about alternatives is the first step in a process that helps us make better choices about how we use our resources.
Answer the following statement true (T) or false (F)