Cask'n'Cork wine shop has a markup rate of 16.7% on cost. What price is the selling price for a bottle of wine that costs $23.40? Round the answer to the nearest cent if necessary. Selling Price $

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A: Panel data, also known as longitudinal data, is information that contains observations on various…

Q: How would I calculate the percentage change in price for these? (Not graded just a practice…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Profit is maximized when (Output price x MPL) = Wage rate MPL = Wage rate / Output price

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A: It is the difference between cost price and the selling price of product. The markup is the amount…

Q: T/F  The fixed cost incur at even zero level of output.

A: Cost in economics refers to the expenditures spent by a company or manufacturer during the…

Q: If profit is $360 and total cost is $800 Calculate Total revenue

A: According to the above mentioned question, the values are:- Profit = $360  Total cost = $800 We have…

Q: h) What is the socially optimal level of production of leather by All-Leather? i) Draw a diagram…

A: The Marginal Social Cost (MSC) is the summation of the marginal private costs of a firm and the…

Q: sarah earns 400 per week and spends 15% of her earning on tranpotation every week

A: Given:- Earning per week= 400 Spend on transportation = 15%

Q: Calculate the value of total revenue if profit is $3000 and total cost is $1800

A: According to the above given question,we have the values:- Total cost = $1800  Profits = $3000 Using…

Q: Equilibrium in the financial capital market occurs at an interest rate of 6 % GDP is $500 billion,…

A: Given,  Interest Rate = 6% GDP = $500 billion Budget Deficit = $15.5 billion Increase in GDP = $100…

Q: 40907 is invested at 7% compounded continuously for a period of 5 years and 3 months, it will resu…

A: P (principal) = $40,907.00 I (interest) = ?? Amount = A = ?? Rate = 7% compounded continuously…

Q: Winthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To…

A: NET PRESENT VALUE  Net Present Value is one of the important capital budgeting technique. Net…

Q: Calculate total cost when total revenue is 70,000 and total profit is 5000

A: # The total profit of the firm is given as:- The difference between total revenue and total cost.…

Q: Calculate the value of profits if total revenue is $5000 and the total cost is $5500

A: The given information is as follows:- Total revenue = $5000 Total cost= $5500 We have to calculate…

Q: (a) The firm should produce at quantity. (b) The firm charges price at output. (c) J The firm's…

A: ​ Monopolistic Competition is a market form which has elements of both Perfect…

Q: A company makes and sells toasters. To make the toasters there is a fixed monthly cost of $27,000…

A: Here we have to write the cost function, the revenue function, the profit function, the break even…

Q: Mr Papa has a weekly income of £75 which he spends entirely on two goods, Beans (B) and Mash (M).…

A: Non giffen inferior goods means where demand for the goods rises as income decrease without…

Q: The demand for office chairs in thousands is Q-40-2 P2 At a price of $2, the price elasticity of…

A: Elasticity is a key concept in economics because it describes how a quantity responds to changes in…

Q: Calculate total profit when total revenue is $700 and total cost is 60% of total revenue

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A: Marginal external cost focuses on the broader impact of production on society, beyond the direct…

Q: average cost of producing 220 units

A: Given information: While a firm produces 200 units, the total cost of production is $ 4000. When…

Q: 10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the…

A: The asking price signifies the price at which each unit of the  firm's product is offered to the…

Q: give me a solution within 30-40 mins I'll give you multiple upvotes.

A: Non-Giffen inferior goods are nothing but ordinary inferior goods that has a negative relationship…

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Q: 1. A farmer estimates that if he harvests his soybean crop now, he will obtain 1,000 bushels, which…

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Q: Find profit level of total revenue is $2490 and total cost is $2100

A: The information being given is:- Total revenue = $2490  Total cost = $2100 Profit= ?

Q: A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants…

A: Fixed cost = 10,000   Variable cost = $5 per unit   Revenue = $15 per unit