There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generates profits of $18 for every $300 invested. instructions: enter your answers as whole numbers.

a. what is the percentage rate of return for these 298 dairies?

Question

Business

Demarcus Cuevas

7 March, 18:19

There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generates profits of $18 for every $300 invested. instructions: enter your answers as whole numbers.

a. what is the percentage rate of return for these 298 dairies?

+1

Answers (1)

Know the Answer?

Martha Mcmahon · Answer 1

The percentage rate of return for these 298 dairies is 6%

Explanation:

The percentage rate of return is calculated by dividing the profits by total investment, so the given information in the question is,

profits = $18

investment = $300

percentage rate of return = 18/300 = 0.06 = 6%

There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generates profits of $18 for every $300 invested. instructions: enter your answers as whole numbers.a. what is the percentage rate of return for these 298 dairies?

There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generates profits of $18 for every $300 invested. instructions: enter your answers as whole numbers.

a. what is the percentage rate of return for these 298 dairies?