Use the Following Information for the Next 2 Questions

question 58

Multiple Choice

Use the following information for the next 2 questions.
TTV Corporation's managers estimate that a 50% increase in price would cause an 80% reduction in the quantity of product sold. Total fixed costs for the product are $5,000 and total variable costs are $4,000, based on production of 400 units. The following values may be useful:
-TTV's profit maximizing price is

• A) $2.44
• B) $3.37
• C) $7.57
• D) $13.36

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Definitions:

Distressed

Experiencing anxiety, pain, or sorrow, often as a result of external pressures or situations.

Anorexia

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Contributing Risk Factors

Elements or conditions that increase the likelihood of developing a disease or injury.

Struggled With

Refers to experiencing difficulty or opposition when trying to achieve, learn, or deal with something.