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?
Chapter14: Monopolistic Competition And Product Differentiation
Section: Chapter Questions
Problem 15P
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![17. 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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F811f7a62-615c-46a8-8a14-8799dcbbd98a%2F6c29c23c-b862-4cbb-9e48-7e6c8810417a%2Fomrqx6h_processed.png&w=3840&q=75)
Transcribed Image Text:17. 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?
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