Solved

If the Unit Cost of Output for a Car Is

Question 145

Multiple Choice

If the unit cost of output for a car is $8000 and the price is $10,000,what is the firms' markup over cost?

A) 125.0 percent
B) 25.0 percent
C) 80.0 percent
D) 11.1 percent
E) 20.0 percent.

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