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Loraine Loraine
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Posts: 4563
8 years ago
In the example of the Nike running shoe, we see that
A) selling costs account for over half of a shoe's retail price.
B) materials actually account for two-thirds of the retail price of the shoes.
C) taxes account for one-quarter of the retail price of the shoes.
D) production costs exceed selling costs by a wide margin.
E) raw materials costs are by far the largest component of the total costs of producing the shoes.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Loraine Author
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8 years ago
Brilliant
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Thanks for your help!!
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2 hours ago
This helped my grade so much Perfect
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