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Author Question: If the selling price of a firm's product is 200 and the estimated average cost of producing this ... (Read 198 times)

daltonest1984

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


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