Campus Bookstore is the only textbook supplier in the town,a profit-maximizing business.The table below represents the reservation prices for the eight students enrolled in the class for which this book is required.
Assume that the marginal and average total cost for each book is $12.
Refer to the information above.How much should the bookstore charge for this book if it must charge a single price to all customers?
A) $36
B) $18
C) $24
D) $12
Correct Answer:
Verified
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