Refer to the accompanying figure to answer the questions that follow.

-The profit-maximizing price and quantity are:
A) $25 and 100, respectively.
B) $25 and 150, respectively.
C) $13 and 100, respectively.
D) $10 and 100, respectively.
E) $10 and 150, respectively.

Question

Refer to the accompanying figure to answer the questions that follow.
 
-The profit-maximizing price and quantity are:
A) $25 and 100, respectively. 
B) $25 and 150, respectively. 
C) $13 and 100, respectively. 
D) $10 and 100, respectively. 
E) $10 and 150, respectively.

Quizplus · Accepted Answer

The profit-maximizing price and quantity are determined where marginal cost equals marginal revenue. Without additional information, choice A is assumed correct based on typical pricing strategies.

Refer to the Accompanying Figure to Answer the Questions That