What would be hypothetical price calculated for this firm

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A Dumping Calculation. To produce 100 units of a good, a firm needs $40,000 in labor, $60,000 in material and capital cost, and requires a 10 percent profit rate. What would be the hypothetical price calculated for this firm? Suppose the profit rate was 20 percent how would the price change? (Related to Application 3 on page 376.)

Reference no: EM131130485

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