Author Question: If the selling price of a firm's product is 200 and the estimated average cost of producing this ... (Read 80 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?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

For a complete list of videos, visit our video library