A company sells three different products. The first costs $8 and sells for $16, the second costs $18 and sells for $45, while the third costs $36 and sells for$120.
Multiple Choice
The third product is the highest margin good.
o
If the company can persuade some customers to switch to the third product, overall gross profit percentage will increase.
o
The gross profit percentages on the individual products are 50%, 60%, and 70%, respectively.
o o
All of the answers are acceptable​