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The XYZ Manufacturing Company is trying to set its price on a product that will sell at retail for $80.
a. For retailers to earn a markup of 25 percent, what should the wholesale price be? b. For the wholesalers to earn a markup of 10 percent, what should the manufacturer's price be?
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A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, how
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