MC Qu. 13-96 (Algo) Answer the question on the basis...

Answer the question on the basis of the following demand and cost data for a specific firm.

Demand Data	Cost Data
(1) Price	(2) Price	(3) Quantity	Output	Total Cost
$ 11.50	$ 10.00	6	6	$ 61
11.00	8.85	7	7	62
10.50	8.00	8	8	64
10.00	7.00	9	9	67
9.60	6.10	10	10	72
9.10	5.00	11	11	79
8.30	4.15	12	12	86

If columns (1) and (3) of the demand data shown are this firm's demand schedule, the profit-maximizing price will be

Multiple Choice

• $9.10.
• $10.00.
• $9.60.
• $10.50.