Multiple Choice
Slick Shades has a constant marginal cost of production equal to $40 and the distributors have a constant marginal cost of distribution equal to $20. If Slick Shades is producing the profit- maximizing number of sunglasses (in hundreds) and charging the profit- maximizing wholesale price, what is the retail price?
A) $150
B) $120
C) $140
D) $160
Correct Answer:
Verified
Correct Answer:
Verified
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