Here are the expenses for your silk-screened T-shirt business: $5 for each plain T-shirt and $3 per T-shirt for ink, other supplies, and the cost of silk screening. You sell the T-shirts for $10 each. Calculate the economics of one unit of sale. What is the percentage of profit based on price?
Here are the expenses for your silk-screened T-shirt business: $5 for each plain T-shirt and $3 per T-shirt for ink, other supplies, and the cost of silk screening. You sell the T-shirts for $10 each. Calculate the economics of one unit of sale. What is the percentage of profit based on price?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 4SCQ: Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the...
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