This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The cost-plus-markup theory is an inadequate explanation of relative prices because A) it does ... (Read 41 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jun 29, 2018
The cost-plus-markup theory is an inadequate explanation of relative prices because
 
  A) it does not explain why there is a standard percentage markup in most industries.
  B) it is too simple, and simple theories are rarely as useful as more complex theories.
  C) the theory is inconsistent with observable relationships between marginal costs and prices.
  D) people who actually set prices do not describe the process as cost-plus.

Question 2

Refer to the figure above. What is the price effect of a price reduction from 6 to 4?
 
  A) 300
  B) 600
  C) 900
  D) 1,200


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


WWatsford

  • Member
  • Posts: 539
Reply 2 on: Jun 29, 2018
:D TYSM

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Theory of Endosymbiosis Theory of Endosymbiosis
The principle of faunal succession uses animal fossils to tell relative time. The principle of faunal succession uses animal fossils to tell relative time.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
The relative penetrating power of alpha, beta, and gamma radiation. Gamma and neutron radiation are ... The relative penetrating power of alpha, beta, and gamma radiation. Gamma and neutron radiation are ...
Cohesion–tension theory of water transport in vascular plants Cohesion–tension theory of water transport in vascular plants
Video: Rena arc construction

For a complete list of videos, visit our video library