Scenario: Mr. Olivander has a monopoly on supplying magic wands. The table below shows the demand schedule for magic wands per day.
-Refer to the scenario above.If the marginal cost of a magic wand is $20,how many wands should Mr.Olivander sell to maximize his profit?
A) 5
B) 9
C) 12
D) 1
Correct Answer:
Verified
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