1.A new lawnmower cost $350, less 30%, 20%, and 10%, and sells to allow for overhead expenses of 30% of the selling price and a profit of 20% of the selling price. During a sale, the lawnmower is marked down by 40%. What is the single equivalent trade discount?

2.A pet food store receives discounts from a supplier of 6% and 12% on a doggie treat which has a list price of $154.35. The store then marks the treat up 12% of cost for overhead and 40% of selling price for operating profit. Later, the store has a weekend special where they sell the treat at "11% above cost". What was their rate of markdown on the treat? Give your answer as a percent rounded to 2 decimal places.

3.Which tax will end up imposing more of a burden on a prot-maximizing firm's consumers... a tax on the firm of $50,000, or a tax on the firm of $.10 for every unit the firm sells? (The firm currently enjoys economic profits of $1,000,000.)

4.Is there an upper-limit for the minimum wage

5.What is the best method to use in computing economic social costs

6.Give the components of investment in the GDP

7.London Drugs is selling the new macbook pro for a selling price of $1788.13 with markdowns of 36% and 11%. Future shop is selling the same macbook pro for a selling price of $1785.71 with a markdown of 22%. What additional discount should you ask for from the more expensive shop?

8.How do you calculate GDP deflator

9.What is personal disposable income

10.A firms profit from selling a particular item is given by the profit function p(x)=41.67x-106. If this same firm has a total cost function given by TC(x)=18.71x+106, then what is the selling price of the item in question? Your solution should be to 2 decimal places.