If a Sofa Costs a Retailer $420, at What Price

question 86

Multiple Choice

If a sofa costs a retailer $420, at what price should it be sold to gain a profit of 65% of the selling price?

• A) $721.00
• B) $678.00
• C) $695.00
• D) $693.00
• E) none of these

Explain the role of environmental standards in controlling pollution and their limitations.

Describe the concept and operational mechanism of tradable emissions permits.

Calculate the optimal Pigouvian tax per unit of pollution based on marginal social costs and benefits.

Evaluate the efficacy of emissions taxes and their potential consequences on pollution levels.

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Definitions:

Phallic Complex

An idea in Freudian psychoanalysis referring to a stage in a child's development where there is a focus on genital organs, leading to unconscious sexual desires towards the opposite sex parent.

Erotically Tinged

Describing something that has sexual connotations or stimuli that evoke erotic feelings.

Defence Mechanism

Psychological strategies brought into play by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses and to maintain one's self-schema.

Identification

The process of associating oneself with certain aspects of another person, group, or with certain characteristics.