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Kri's Co sells one product with a variable cost of $5 per unit. The company is unsure what price to charge in order to maximize
Kri's Co sells one product with a variable cost of $5 per unit. The company is unsure what price to charge in order to maximize profits. The price charged will also affect the demand. If fixed costs are $100,000 and the following chart represents the demand at various prices, what price should be charge din order to maximize profits?
units sold price
30,000 $10
40,000 $9
50,000 $8
60,000 $7
A) $10
B) $9
C) $8
D) $7
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