If, at a firm's projected sales level, the marginal cost is $125, the average cost is $150 and the markup is 20 percent, then its selling price is

Which of the following theories predicts that current consumption increases when a person expects an increase in future income?

A) the life-cycle theory of consumption B) the Keynesian theory of consumption C) the permanent income hypothesis D) all of the above

Regulation that specifies that a firm's profits must be shared with its customers if the profit rises above a target level is called

A) rate of return regulation. B) minimum price regulation. C) earnings sharing regulation. D) average cost pricing.