Multiple Choice
Hardley sells mamburgers. He faces fixed costs of $18,000 per month and variable production and marketing costs of $2 per mamburger. Market research has developed the following demand schedule. Which price/volume combination should Yardley choose?
A) Price: $12; Quantity: 4,000
B) Price: $10; Quantity: 5,500
C) Price: $8; Quantity: 7,000
D) Price: $6; Quantity: 9,000
E) Unable to determine
Correct Answer:
Verified
Correct Answer:
Verified
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