Hen Company Has Developed a New Product, Egg Crates That

question 54

Multiple Choice

Hen Company has developed a new product, egg crates that prevent breakage.The cost per crate is $50 and the company expects to sell 1,000 crates per year.Hen Company has invested $1,000,000 in equipment to produce the crates and desires a 10% return on investment.What is Hen Company's selling price for one egg crate?

• A)$110
• B)$150
• C)$100
• D)$250

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Definitions:

Exchange Rate

The valuation of one currency in the context of exchanging it for another.

Carrots

A root vegetable, typically orange in color, cultivated and consumed for its sweet flavor and nutritional value.

Terms of Trade

The ratio between a country's export prices and its import prices.

Imported Product

Assets or services sourced from outside a country and brought in for the objective of sales.