Using the Linear Approximation System to Estimate the Profit Maximizing

Multiple Choice

Using the linear approximation system to estimate the profit maximizing price requires that managers have information on the cost of production

A) and the nature of the production function.
B) the total population and the percentage of people in labor force.
C) the current price,the current quantity sold,and changes in price and quantity.
D) and the decision-making process of the marketplace.