Suppose the per-unit production cost of a book is 4.00 and the retail price is 32.
If the book publisher sells books to a bookstore at a 40 percent discount, what is the amount of the publisher's markup per book? Assume that bookstores sell books at the retail price.
A) 12.80 B) 15.20 C) 19.20 D) 21.60
Question 2
A study by Price Fishback and Shawn Kantor of the University of Arizona shows that after the passage of workers' compensation laws, wages received by workers in the coal and lumber industries fell.
Source: Price V. Fishback and Shawn Everett Kantor, Did Workers Pay for the Passage of Workers' Compensation Laws? Quarterly Journal of Economics, Vol. 100, No. 3, August 1995
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