Refer to the Following Table Which Gives the Demand and Cost

question 15

Multiple Choice

Refer to the following table which gives the demand and cost data for a price-setting firm: $\begin{array}{rrc}\text { Price } & \text { Output } & \text { Total Cost } \\\hline \$ 20 & 7 & \$ 36 \\19 & 8 & 45 \\18 & 9 & 54 \\17 & 10 & 63 \\16 & 11 & 72 \\15 & 12 & 81\end{array}$
What is the profit-maximizing price?

• A)$19
• B)$18
• C)$17
• D)$16
• E)$15

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Definitions:

Continuous Training

A form of exercise that involves prolonged, steady activity without rest intervals, typically utilized to improve cardiovascular fitness.

Cathode

An electrode or conductor from which current flows out.

Electrode

A conductor through which electric current enters or leaves a non-metallic medium, such as an electrolytic cell, arc lamp, or semiconductor.

Current Flows

The movement of electric charge carriers, such as electrons, through a conductor.