Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up is 10 per cent, calculate the price of each cigar. Answer the question by providing just the appropriate number of dollars in the box below to one decimal place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow these instructions may result in your answer being marked as incorrect. %24

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up
is 10 per cent, calculate the price of each cigar.
Answer the question by providing just the appropriate number of dollars in the box below to one decimal
place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow
these instructions may result in your answer being marked as incorrect.
24
Transcribed Image Text:Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up is 10 per cent, calculate the price of each cigar. Answer the question by providing just the appropriate number of dollars in the box below to one decimal place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow these instructions may result in your answer being marked as incorrect. 24
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