Author Question: If the selling price of a firm's product is 200 and the estimated average cost of producing this ... (Read 79 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
If the selling price of a firm's product is 200 and the estimated average cost of producing this product is 150, what is the firm's markup?
 
  A) 75 percent
  B) 33.33 percent
  C) 25 percent
  D) impossible to determine with the information given

Question 2

A study conducted by Robert Shiller, a Yale Economist, found that a large majority of the public thinks that increases in inflation will not quickly lead to an increase in wages.
 
  Indicate whether the statement is true or false



thall411

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

B

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library