A consumer values a car at $525,000 and a seller values the same car at $485,000. If

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A consumer values a car at $525,000 and a seller values the same car at $485,000. If sales tax is 8% and is levied on the seller, then the seller’s bottom-line price is (rounded to the nearest thousand)

a. $527,000.

b. $524,000.

c. $525,000.

d. $500,000.

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Managerial Economics

ISBN: 9781337106665

5th Edition

Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward

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Question Posted: Jul 08, 2020 02:36 AM

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A consumer values a car at $525,000 and a seller values the same car at $485,000. If

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A 527000 correct At a price of 527000 the seller ...View the full answer

Managerial Economics

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