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A company has fixed costs of $100,000 and variable costs of $40 per unit. Estimates of the demand for its product at different selling prices

A company has fixed costs of $100,000 and variable costs of $40 per unit. Estimates of the demand for its product at different selling prices are as follows:

Selling

Demand Price

(in units) (per unit)

20,000 $72

30,000 64

50,000 56

70,000 48

What price should be set for the product?

A. $64

B. $72

C. $56

D. $48

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