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Meti Produces Homemade Candles and Is Preparing to Open a Small

Question 43

Multiple Choice

Meti produces homemade candles and is preparing to open a small store to sell her creations. She has analyzed the market and her competitors and decides that she wants to sell her candles for $10.00. Based on her research, she knows she needs to make at least a 10 percent profit on each candle. Using demand-based pricing, we know that Meti's cost to produce the candles must not be greater than


A) $9.09.
B) $11.00.
C) $9.00.
D) $10.09.
E) $10.91.

Correct Answer:

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