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Use the Figure Below to Answer the Following Question

Question 86

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Use the figure below to answer the following question. Use the figure below to answer the following question. Figure 12.2.4 -Refer to Figure 12.2.4.Grannie's is the only cake bakery on Coastal Island.The graph shows Grannie's demand curve,marginal revenue curve,and marginal cost curve.Grannie's profit-maximizing price is ________ a cake and its profit-maximizing output is ________ cakes a week. A) $28;12 B) $16;12 C) $36;2 D) $16;24 E) $24;16 Figure 12.2.4
-Refer to Figure 12.2.4.Grannie's is the only cake bakery on Coastal Island.The graph shows Grannie's demand curve,marginal revenue curve,and marginal cost curve.Grannie's profit-maximizing price is ________ a cake and its profit-maximizing output is ________ cakes a week.


A) $28;12
B) $16;12
C) $36;2
D) $16;24
E) $24;16

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