Finn Corporation's management believes that every 5% increase in the selling price of one of the company's products results in a 6% decrease in the product's total unit sales. The variable production cost of this product is $38.30 per unit and the variable selling and administrative cost is $1.00 per unit. The product's profit-maximizing price according to the formula in the text is closest to:
A)$43.62
B)$187.34
C)$41.55
D)$185.84

Question

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The Answer of Finn Corporation's management believes that every 5% increase in the selling price of one of the company's products results in a 6% decrease in the product's total unit sales. The variable production cost of this product is $38.30 per unit and the variable selling and administrative cost is $1.00 per unit. The product's profit-maximizing price according to the formula in the text is closest to:
A)$43.62
B)$187.34
C)$41.55
D)$185.84

Finn Corporation's Management Believes That Every 5% Increase in the Selling