Ratio and proportion is a useful method in determining a value using a known constant in ratio form. In this case, the ratio of cost to price is always 1/4. Hence, the solution goes as follows:
1/4 = 33.85/price
Price = 33.85*4
Price= $135.4
Revenue = $752,800
Cost of goods sold = $301,800
To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000
The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
The largest Herfindahl-Hirschman Index that an industry can get is <u>10,000 </u>and the only industry this is possible in is a Monopoly.
The Herfindahl-Hirschman Index (HHI) is calculated by summing the squares of the market shares of the various companies in an industry.
In a monopoly, a company could have a 100% market share. When this happens, the HHI would be:
= 100 ²
= 10,000
In conclusion, the highest HHI is 10,000 and this can only happen in a monopoly.
<em>Find out more at brainly.com/question/4563430. </em>
Mate your answer is B
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