Hardley sells mamburgers.He faces fixed costs of $18,000 per month and variable production and marketing costs of $2.50 per mamburger.Market research has developed the following demand schedule. Which price/volume combination should Hardley choose?
A) Price: $14;Quantity: 5,000
B) Price: $12;Quantity: 7,000
C) Price: $10;Quantity: 8,000
D) Price: $8;Quantity: 10,000
E) Unable to determine
Correct Answer:
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