Multiple Choice
Bluhm Corporation's management believes that every 2% increase in the selling price of one of the company's products would lead to a 4% decrease in the product's total unit sales.The product's variable cost is $17.50 per unit. The product's profit-maximizing price according to the formula in the text is closest to:
A) $259.84
B) $33.99
C) $40.89
D) $31.81
Correct Answer:
Verified
Correct Answer:
Verified
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