Multiple Choice
The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation:
V = 1000 - 8p. What is the optimal price of the ball bearings that will maximize the profit?
A) $47.99
B) $53.99
C) $58.99
D) $63.99
Correct Answer:
Verified
Correct Answer:
Verified
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