Use an Equation to Solve the Problem

question 59

Multiple Choice

Use an equation to solve the problem. A wholesale price for each compact disc is $14 and each has a markup of $0.70. Find the retail price of 40 CDs.

• A) $532.00
• B) $588.00
• C) $560.00
• D) $28.00
• E) $392.00

---

Definitions:

Marginal External Damages

Additional harm or cost imposed on society or a third party that is not accounted for by the producer or consumer of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both the cost to the producer and the cost to society of any environmental or other externalities.

Monopoly

Market with only one seller.

Pollution Fee

A charge imposed on entities that emit pollutants, aimed at reducing environmental damage by incorporating the cost of pollution into the emitter's financial calculations.