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Oksi-84 [34.3K]
2 years ago
5

"________ is the difference between the average cost and price of all merchandise in stock as used by the middlemen."

Business
1 answer:
RSB [31]2 years ago
8 0

Answer:

Markup

Explanation:

Markup is defined as the difference that exists between the selling price of a product and the average cost that was used in its production

This information is used by middle men to estimate the amount of profit they can make on sale of a product.

Usually the markup cost is incorporated into the cost incurred by the producer as a percentage of a product's cost.

This ensures middle men make some profit

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kotegsom [21]

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

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15 + 85 = 100

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Why is that market economies can often allocate resources in a more efficient and robust way than centrally planned economies?
sammy [17]

Answer:

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3 years ago
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Lena [83]

Answer:

"Let me show you a trick that will save you some time and effort"

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4 0
3 years ago
Lorraine belongs to a national consumer panel created by a market research company. She regularly receives samples of new produc
kherson [118]

Answer:

A. premarket testing.

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