You are the buyer for The Shoe Outlet. You are looking for a line of men’s shoes to retail for $79.95. If the markup on men's shoes is 45% based on selling price, what is the corresponding percent markup based on cost? (round answer to nearest tenth of a percent)

Q: Market price is always more than factor cost. True /False

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A: The second unit of a good gives less satisfaction to a consumer. This is clearly a case of…

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A: Answer -

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Q: if the profit- maximising quantity is 120kg，what is the answer？

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Q: Market price is always more than factor cost.  True /False

A: The price of a good that prevails in the market is known as market price.