If he uses the minimax regret criterion, how many new workers will he hire?

Bellingham Suit Co. has received a shipment of suits that cost $200 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit?

a) $320 b) $500 c) $333 d) $280

The nominal interest rate of a loan is:

A. the maximum rate that may be charged by law B. the rate the borrower will actually pay, reflecting the total finance charge C. the amount of projected interest on an annualized rate D. the interest rate stated on the promissory note