Ask Question
4 May, 09:11

A firm in a purely competitive industry has a typical cost structure. the normal rate of profit in the economy is 5 percent. this firm is earning $5.50 on every $50 invested by its founders. instructions: enter your answers as whole numbers.

a. what is its percentage rate of return

+3
Answers (1)
  1. 4 May, 12:51
    0
    The normal rate of profit in the economy is 5 percent. This firm is earning $5.50 on every $50 invested by its founders. Since the firm is earning $5.50 on every $50 invested, the percentage rate of return is computed by ($5.50 / $50) x 100) which will result to 11%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A firm in a purely competitive industry has a typical cost structure. the normal rate of profit in the economy is 5 percent. this firm is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers