If the cost per unit of output for a particular product is $50 and the product sells for $55, what is the percentage markup over cost per unit?
a. 200 percent
b. 10 percent
c. 100 percent
d. 20 percent
e. 50 percent
B
Economics
You might also like to view...
Owners of land are compensated according to the
a. absolute level of production from the land. b. number of laborers the land can support. c. purchase price of the land stock. d. value of the marginal product of land.
Economics
The most common reason for the existence of oligopolies is
A. product homogeneity B. advertising. C. economies of scale. D. ease of entry.
Economics