I sell bottled water that costs me $1 to produce. I mark each bottle up by...

Question

Question

I sell bottled water that costs me $1 to produce. I mark each bottle up by...

I sell bottled water that costs me $1 to produce. I mark each bottle up by $2. What is my margin on price?

		50%
		100%
		33%
		None of the above

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Price =$1+ 2 =$3

Margin on price= margin/ price ×100

= 2/3 ×100

= 66.67%

Hence answer is none of the above.

Add a comment

Answer 2

Similar Homework Help Questions

Suppose Dmitri is the only seller in the market for bottled water and Antonio is the only buyer. The following lists show the value Antonio places on a bottle of water and the cost Dmitri incurs to produce each bottle of water:

Suppose Dmitri is the only seller in the market for bottled water and Antonio is the only buyer. The following lists show the value Antonio places on a bottle of water and the cost Dmitri incurs to produce each bottle of water:Antonio's ValueValue of first bottle:$10Value of second bottle:$7Value of third bottle:$2Value of fourth bottle:$1Dmitri's CostsCost of first bottle:$1Cost of second bottle:$3Cost of third bottle:$7Cost of fourth bottle:$10The following table shows their respective supply and demand schedules:PriceQuantity DemandedQuantity Supplied$1 or...
Suppose in the fall semester the student union allows anyone to sell bottled water. You observe...

Suppose in the fall semester the student union allows anyone to sell bottled water. You observe that the P=$1 per bottle and 1000 bottles are sold per week. When you return to campus in the Spring, you notice that the student union now allows only Pepsi to sell bottled water. You observe that the price has risen to $2 per bottle and the quantity sold per week is 600 bottles. The economics department has estimated that if the price rises...
Janine is considering buying a water filter and a reusable bottle rather than buying bottled water....

Janine is considering buying a water filter and a reusable bottle rather than buying bottled water. Will doing so save her money? First, determine what information you need to answer this question, then click here to display that information (along with other info) How much water does Janine drink in a day? She normally drinks bottles a day. each 16.9 ounces. How much does a bottle of water cost? she buys 24-packs of 16.9 ounce bottles for $3.29 How much...

1. A company produces a special new type of TV. The company has fixed costs of...

1. A company produces a special new type of TV. The company has fixed costs of $485,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2400 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2100. Assume a linear demand. What price should the company charge to earn a profit of $945,000? It...
4. Suppose 1,000 identical suppliers of bottled water operate in a perfectly competitive market. The market...

4. Suppose 1,000 identical suppliers of bottled water operate in a perfectly competitive market. The market demand for their water is given by the equation: Q-10,000-200P, or P-50-.005Q where Q is the number of gallons of water demanded each day by consumers of bottled water, and Pis the price per gallon a. If the marginal cost to each supplier was constant at $I per gallon, how many gallons of water would sell in this market? How many would each supplier...
Janine is considering buying a water filter and a reusable waterbottle rather than buying bottled...

Janine is considering buying a water filter and a reusable water bottle rather than buying bottled water. Will doing so save her money?First, determine what information you need to answer this question, then click here to display that info (along with other info).How much water does Janine drink in a day? She normally drinks 4 bottles a day, each 16.9 ounces.How much does a bottle of water cost? She buys 24-packs of 16.9 ounce bottles for $3.09.How much does a...

Amy and Soma discover a stream that flows wine. Amy and Soma decide to bottle the...

Amy and Soma discover a stream that flows wine. Amy and Soma decide to bottle the wine and sell it. The marginal cost and the fixed cost to bottle wine are $5 and zero respectively. The market demand for bottled wine is given by: P = 725−3Q, where Q is the total quantity of bottled wine produced and P is the market price of bottled wine. Answer the following questions. a. What are the economically efficient (in other words, perfectly...
6. Problems and Applications Q6 Suppose Larry is the only seller in the market for bottled...

6. Problems and Applications Q6 Suppose Larry is the only seller in the market for bottled water and Felix is the only buyer. The following lists show the value Felix places on a bottle of water and the cost Larry incurs to produce each bottle of water: Felix's Value Larry's Costs Value of first bottle: $9 Cost of first bottle: $1 Value of second bottle: $7 Cost of second bottle: $4 Value of third bottle: $4 Cost of third bottle:...
Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the...

Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the liquid and sell it. The market demand curve is linear and is given as follows: P = 30 - Q The marginal cost to produce this new drink is $3. Refer to the scenario above. What will be the price of this new drink in the long run if the industry is a Bertrand duopoly? $12 $3 $9 $13.50 none of the above

Analyzing various samples of bottled water, tap water, and 0.01200 M MgSO4*7H2O. Given that we will...

Analyzing various samples of bottled water, tap water, and 0.01200 M MgSO4*7H2O. Given that we will be using EDTA of conversations 0.0100 M, a) What volume of the stock solution sample would you have to analyze if you wouldn’t want to spend more than 10 mL of the EDTA? b) Suppose you dilute your Mg+2 stock by measuring 10 mL in a graduated cylinder and using deionized water up to the 100 mL mark in a volumetric flask. What volume...

I sell bottled water that costs me $1 to produce. I mark each bottle up by...

Homework Answers

Add Answer to:
I sell bottled water that costs me $1 to produce. I mark each bottle up by...

Post as a guest

Earn Coins

Suppose Dmitri is the only seller in the market for bottled water and Antonio is the only buyer. The following lists show the value Antonio places on a bottle of water and the cost Dmitri incurs to produce each bottle of water:

Suppose in the fall semester the student union allows anyone to sell bottled water. You observe...

Janine is considering buying a water filter and a reusable bottle rather than buying bottled water....

1. A company produces a special new type of TV. The company has fixed costs of...

4. Suppose 1,000 identical suppliers of bottled water operate in a perfectly competitive market. The market...

Janine is considering buying a water filter and a reusable waterbottle rather than buying bottled...

Amy and Soma discover a stream that flows wine. Amy and Soma decide to bottle the...

6. Problems and Applications Q6 Suppose Larry is the only seller in the market for bottled...

Suppose a stream is discovered whose water has remarkable healing powers. You decide to bottle the...

Analyzing various samples of bottled water, tap water, and 0.01200 M MgSO4*7H2O. Given that we will...

I sell bottled water that costs me $1 to produce. I mark each bottle up by...

Homework Answers

Add Answer to: I sell bottled water that costs me $1 to produce. I mark each bottle up by...

Post as a guest

Earn Coins

Add Answer to:
I sell bottled water that costs me $1 to produce. I mark each bottle up by...