Use the Figure Below to Answer the Following Questions

question 69

Multiple Choice

Use the figure below to answer the following questions. Figure 13.2.6
-Refer to Figure 13.2.6,which shows the demand curve,marginal revenue curve and cost curves faced by Gap.Gap maximizes its economic profit if it charges ________ per jacket.

• A)$100
• B)$95
• C)$75
• D)$120
• E)$90

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Definitions:

Operating Fund

Refers to the pool of resources available for the day-to-day functioning of an organization, covering expenses such as salaries, rent, and utilities.

Strategic Plans

Long-term planning documents that articulate an organization's goals, strategies for achieving those goals, and measures for assessing progress.

Operational Plan

A detailed outline of how a strategy will be implemented in terms of resources and actions needed to achieve specific objectives.

System Capacity

The maximum output or performance level that a system can handle, which can refer to organizations, networks, or technical systems.