Jian Has Entered into a Contract with the Federal Government

question 172

Multiple Choice

Jian has entered into a contract with the federal government to design a computer simulation model for training helicopter pilots.The contract calls for the final price to be set at a fixed percentage profit over and above her cost of production.This seems to represent a:

• A)price leadership.
• B)supply and demand formula.
• C)cost-based pricing strategy.
• D)demand-based pricing.

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Definitions:

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A famous 1925 legal case in Tennessee that challenged a law banning the teaching of evolution in public schools.

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The scientific theory proposed by Charles Darwin that species evolve over time through natural selection.