If a Firm Charges a Price of $6 for a Product

question 25

Multiple Choice

If a firm charges a price of $6 for a product with a cost of $4, the markup on cost equals:

• A) 67%
• B) 33%
• C) 150%
• D) 50%

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Definitions:

Sexual harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Prima facie case

An established case proven by the facts until contradicted and overcome by other evidence.

Equal protection

A constitutional guarantee that no person or group will be denied the same protection of the laws that is enjoyed by other similarly situated individuals.

Constitutional guarantee

A commitment within a country's constitution that ensures certain rights and freedoms to its citizens.