The calculation to determine the dollar amount of the markup per unit: Total cost per unit times markup percentage per unit.
Total cost, in economics, is the sum of all costs incurred by a company in generating a certain stage of output. Knowledge of the full fee involved in producing their output lets a business have better knowledge of their profitability and efficiency. This may allow an organization to determine whether or not they want to reevaluate their pricing approach, reduce expenses or take different steps to grow their profitability.
Markup percentage is a percent markup over the cost fee to get the promoting price and is calculated as a ratio of gross income to the price of the unit. The amount of markup allowed to the store determines the money he makes from promoting each unit of the product. Better the markup, extra the price to the purchaser, and extra the cash the store makes.
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Answer:
The correct answer is option c.
Explanation:
A rational consumer will always try to maximize his utility given his limited income.
The consumer optimum will be that bundle of goods and services which provide maximum total utility to a consumer, given his fixed income.
The total utility will be maximized when the marginal utility of money spent on each good is equal.
It’d be intertype competition, I believe
B) Fiscal policy requires a short and contentious legislative process