Use the Following Data to Answer Questions

question 21

Multiple Choice

Use the following data to answer questions
Pear Corp.reported the following data for calendar 2017:
-To two decimals, Pear Corp.'s profit margin on sales for 2017 is

• A)6.43%.
• B)8348%.
• C)11.79%.
• D)19.64%.

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Definitions:

Favorite Bundle

A term in economics, particularly in consumer theory, referring to the combination of goods and services that maximizes a consumer's utility or satisfaction given their budget constraints.

Indifference Curves

A graphical representation of different bundles of goods between which a consumer is indifferent, showing combinations that give the consumer the same level of satisfaction.

Bundle

A set of goods or services that are sold or consumed together as a single package.

Constants

Fixed values in equations and calculations that do not change.