Product cost markup percentage green thumb garden tools inc. produces and sells home and garden tools and equipment. a lawn mower has a total cost of $230 per unit, of which $160 is product cost and $70 is selling and administrative expenses. in addition, the total cost of $230 is made up of $120 variable cost and $110 fixed cost. the desired profit is $58 per unit. determine the markup percentage on product cost. round the answer to nearest whole

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals