Figure 11-18 -The Profit-Maximizing Output and Price for the Firm in Figure

question 139

Multiple Choice

Figure 11-18
-The profit-maximizing output and price for the firm in Figure 11-18, which charges the same price to all customers, are

• A) 117 and $14
• B) 150 and $22
• C) 150 and $14
• D) 117 and $22
• E) 117 and $24

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Definitions:

Distributions

In statistics, the pattern of variation or frequencies of a set of values within which a variable can fall, often visualized as a graph.

Largest

Describing the most extensive or significant size, volume, or quantity in comparison to others within a group or category.

Range

The difference between the highest and lowest values in a set of data, indicating the data's spread or variability.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.