Answer:
32
Explanation:
Using Formula
Cost + (Cost*Margin) = Selling Price
Cost is not known...
Cost (1 + Margin) = Selling Price
Cost = Selling Price / 1 + Margin
Here, Margin is 0.45 of cost and selling price is 46.4
Cost = 44.4 / 1.45
Cost = 32
<em>Patents protected inventors and let them profit from their inventions</em>
<em>~Luis~</em>
Answer:
A grocery store in a perfectly competitive market can. reduce its advertising budget more than its competitors. differentiate its product with respect to other firms. ignore profit-maximizing strategies. freely enter or exit the market.
