Use the Figure to Answer the Following Question(s)

question 169

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-9

If the market price in Figure 9-9 increases to $60, what should the firm do?

• A) produce 10 per day
• B) produce 15 per day
• C) produce 20 per day
• D) increase its price to $70

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Definitions:

Captive Finance Company

A subsidiary whose purpose is to provide financing to customers of a parent company, facilitating sales of the parent company's products.

Financing

The act of supplying capital for company operations, acquiring assets, or investing.

Major Kitchen Appliances

Large household appliances such as refrigerators, stoves, and dishwashers that are essential for kitchen operations.

Retail Credit Company

A company specializing in the issuance and management of credit to consumers, often directly linked to specific retail stores or brands.