Ask Question
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)
  1. 7 March, 20:09
    0
    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%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “There are 300 purely competitive farms in the local dairy market. of the 300 dairy farms, 298 have a cost structure that generates profits ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers