Refer to the Figure

question 63

Multiple Choice

Refer to the figure.
Which figure shows the most likely relationship between the total amount of production and the amount of resources allocated to defense in an ecosystem?

• A) Figure A
• B) Figure B
• C) Figure C
• D) Figure A in aquatic ecosystems; Figure B in terrestrial ecosystems

Understand the concept of markup and how it is calculated based on cost.

Apply markup formulas to determine the selling price of various products.

Compute the dollar value of a markup given the cost and selling price.

Determine the cost of a product based on its selling price and markup percentage.