The markup is defined as:
A) the percentage of the price above the marginal cost that is used to recoup the costs of generating ideas.
B) the percentage of the price below the marginal cost that is used to recoup the costs of generating ideas.
C) the percentage of the price above the average cost that is used to recoup variable costs.
D) the percentage of the cost above the marginal cost that is used to recoup the revenues of generating ideas.
E) the percentage of the price below the marginal cost that is used to recoup the profits of generating ideas.
Correct Answer:
Verified
Q2: In perfect competition,the price _;and in a
Q3: To get increasing returns to scale using
Q4: In economics,a nonrival good is one that:
A)cannot
Q5: If Y is a good's output,X is
Q7: In economics,a rival good is one that:
A)cannot
Q8: Which of the following are nonrival goods?
A)a
Q10: If there are large fixed costs,due to
Q11: Which of the following are (an)example(s)of idea(s)?
A)new
Q13: The difference between total factor productivity (TFP)
Q15: Because, in many industries the cost of
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