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MKTG Mini test 7-13

MKTG Mini test 7-13 - MKTG043101-F10R Mini test 7...

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1 Marks: 1 Choose one answer. a. $4.95 b. $10.50 c. $10.25 d. $10.00 e. $5.55 2 Marks: 1 Choose one answer. a. 10 b. cannot be determined with this information c. 7 d. 35 e. 25 3 Marks: 1 Choose one answer. a. That price is only one factor people use to determine a product's value b. That for socially consumed goods, price is part of the product. c. That in general, price is the most important component of value. d. That in general, the higher the price, the higher the value of the product e. That in general, people perceive a product with a higher price to be a better product Mini test 7 Review of attempt 13 Finish review Started on Friday, October 22, 2010, 11:20 AM Completed on Friday, October 22, 2010, 11:28 AM Time taken 8 mins Grade 9 out of a maximum of 10 ( 90 %) Last year, BruceCo sold 1000 coffee cups for $10 each. This year, the company is planning on selling 1500 coffee cups. In order to cover the additional investment they will charge $10.50 for the first 500 cups, $10.25 for the second 500 cups and $10 for the last 500. Each cup costs $4.70 to produce. What is the marginal profit for the 700th cup? Marks for this submission: 1/1. Bruce is planning on selling sandwiches in class for $5 each. Food costs are $4. He will also need to buy an insulated cooler to store the sandwiches. This cooler costs $10. Bruce needs to make a profit of $25 to make it worth his while. How many sandwiches does
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