Finn Corporation's Management Believes That Every 5% Increase in the Selling

Multiple Choice

Finn Corporation's management believes that every 5% increase in the selling price of one of the company's products results in a 6% decrease in the product's total unit sales. The variable production cost of this product is $38.30 per unit and the variable selling and administrative cost is $1.00 per unit. The product's profit-maximizing price according to the formula in the text is closest to:

A) $43.62
B) $187.34
C) $41.55
D) $185.84