Multiple Choice
Boden Company's management believes that every 2% increase in the selling price of one of the company's products would lead to a 5% decrease in the product's total unit sales. The product's variable cost is $19.30 per unit.
-The product's profit-maximizing price according to the formula in the text is closest to:
A) $37.39
B) $31.44
C) $40.88
D) $28.91
Correct Answer:
Verified
Correct Answer:
Verified
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