Demand and Cost Data for Sylvie's Shampoo Company Table 26

question 67

Multiple Choice

Demand and Cost Data for Sylvie's Shampoo Company Table 26.2
A Monopolistically Competitive Firm
$\begin{array}{|r|r|r|r|r|}\hline&\text { Demand Data }&&\\\text { Price } & \text { Quantity } & \text { Cost Data Output } & \text { Total Cost } \\\hline \$ 11 & 6 & 6 & \$ 48 \\\hline \$ 10 & 7 & 7 & \$ 52 \\\hline\$9&8&8&\$57\\\hline \$ 8 & 9 & 9 & \$63 \\\hline \$7 & 10& 10&\$70 \\\hline\end{array}$
Refer to Table 26.2.To maximize profit,Sylvie's Shampoo Company.should produce ________ bottles of shampoo and charge a price of ________ each.

• A)6;$22
• B)7;$20
• C)8;$18
• D)9;$16

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Definitions:

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The p-value is a measure in statistics that helps determine the significance of results, indicating the probability of observing the given results, or more extreme, by chance if a null hypothesis were true.

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