If the cost per unit of output for a particular product is $10 and the product sells for $20, what is the percentage markup over cost per unit?
a. 200 percent
b. 10 percent
c. 100 percent
d. 20 percent
e. 50 percent
C
Economics
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A utility-maximizing consumer would never purchase a good if the:
a. MU/P is positive. b. marginal utility is positive. c. marginal utility is negative. d. none of these is correct.
Economics
If the aggregate supply curve is horizontal,
a. there are unemployed resources in the economy. b. the economy is inside the production possibilities curve. c. it is possible to increase output without driving up prices by putting unemployed resources to work. d. All of these.
Economics