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QUESTION 12 1 points Save Answer You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into
QUESTION 12 1 points Save Answer You run a chain of movie theaters, so you commission a marketing study that categorizes your potential customers into 10 equal-sized groups according to what they're willing to pay for a movie ($10, $9, $8. $7, 56, 55, $4, $3, $2.91). For simplicity's sake, assume there is only one person in each of these categories. The price and quantity information is provided below. Price TR MC Quantity 0 $11 0 1.50 $10 10 1.50 9 2 18 1.50 8 7 5 24 1.50 4 28 1.50 6 30 1.50 6 30 1.50 4 7 28 1.50 8 24 1.50 2 18 1.50 10 10 1.50 Based on the information provide above, what is the profit maximizing quantity? O a. 6 3 9 O 0.5 OC.3 0.7 e. 4 1.8 8 9.10 Oh.9
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