Refer to the information provided in Figure 13.6 below to answer the question that follows. Figure 13.6
-Refer to Figure 13.6. The profit-maximizing price for the Memory Company's high school yearbook is
A) $0.
B) $9.
C) $16.
D) $20.

Question

Refer to the information provided in Figure 13.6 below to answer the question that follows.  Figure 13.6
-Refer to Figure 13.6. The profit-maximizing price for the Memory Company's high school yearbook is
A) $0. 
B) $9. 
C) $16. 
D) $20.

Quizplus · Accepted Answer

The profit-maximizing price is determined at the point where marginal cost (MC) equals marginal revenue (MR). Without the figure, we typically assume the profit-maximizing condition follows this rule. Given the options, $16 is a common price point for such products, suggesting it might be the price where MC = MR, assuming a standard demand curve and cost structure.

Refer to the Information Provided in Figure 13