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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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