Calculate the profit as a percentage of the cost price ,and correct to one decimal place
2 answers:
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Solution :
It is given that the manager hires a labor and he rents the capital equipment .
Presently the rate of the wage is at $ 10 per hour and the capital is been rented at $ 0.25. If the of the labor is 50 units of the output per hour and the marginal.
Therefore, the answer is
14 + 10 = 24