The markup pricing technique involves determining the selling price of a good by adding a profit markup to minimum average cost. This would result in maximum profits only if
a. average cost were constant.
b. the markup were zero.
c. the markup varied with the elasticity of demand.
d. demand were inelastic.
c
Economics
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Using the information in Table 6.2, the inflation rate from 2014 to 2015 is about
A) 26 percent. B) 38 percent. C) 42 percent. D) 49 percent.
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The federal regulatory agency whose mission is to regulate workplace health and safety is the
A) AFL-CIO. B) FTC. C) OSHA. D) SEC.
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