-Refer to Figure 10.5.The profit-maximizing price for the Memory Company's high school yearbook is
A) $0.
B) $9.
C) $16.
D) $20.

Question

-Refer to Figure 10.5.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 typically where marginal cost equals marginal revenue. Without seeing Figure 10.5, this principle generally guides the determination of the optimal price point in economic theory. Given the options, $16 is chosen as a placeholder for the correct answer, assuming it aligns with the point where the company's marginal cost of producing an additional yearbook equals the marginal revenue gained from selling one more yearbook.