What Is the Base If the Portion Is 42 and the Rate

question 85

Multiple Choice

What is the base if the portion is 42 and the rate is 12%? Use the percentage formula.

• A)504
• B)350
• C)3.5
• D)5.04

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Definitions:

MRP

Short for Marginal Revenue Product, it represents the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Imperfect Competitor

An imperfect competitor is a market participant that does not meet the conditions of perfect competition, often having some control over the price of its products due to a lack of numerous competitors or product differentiation.

Perfect Competitor

A theoretical firm in a perfectly competitive market that cannot influence the market price and accepts the price as given.

Output

Denotes the total quantity of goods or services produced by a company, industry, or economy within a specific period.