A business has a 16% profit and OE of 25%. What is its COGS%?
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With respect to profit and loss, what is the economic goal of business? How do Maximizing profits accomplish that goal? What should, in your opinion, be the goal of a business?
How does the supply curve result from businesses seeking profit? And the economic impact of the NBA and NFL.
Situation:
You are an economic analyst and one of your clients is your Aunt Ginger. You have not met with her for a year, and she has just closed the books on her first year in business. Her accountant has informed her that she made a substantial profit, and she is very pleased. Her business,
