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    Managerial Economics
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    Exam 8: Monopoly and Monopolistic Competition
  5. Question
    Joe's T-Shirts Has Costs Given by TC = $100
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Joe's T-Shirts Has Costs Given by TC = $100

Question 16

Question 16

Multiple Choice

Joe's T-shirts has costs given by TC = $100 + 3Q,where Q is the number of shirts.If Joe charges $5 each,the percentage markup for 100 shirts is:


A) 20%.
B) 25%.
C) 33%.
D) 50%.
E) 67%.

Correct Answer:

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