-Refer to Figure 9

question 51

Multiple Choice

-Refer to Figure 9.1.What is Dan's total profit assuming he is producing both products at their profit-maximizing sales quantities?

• A) $3,600
• B) $4,000
• C) $4,400
• D) $4,500

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Definitions:

Merchandising Company

A business entity that purchases finished goods and sells them at a profit, without altering their form.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales by calculating the percentage of revenue that exceeds the cost of goods sold.

Net Income

The net income of a company, which is the remaining amount after deducting all costs and taxes from the total revenue.

Sales

The revenue a company earns from selling goods or services in its normal operations.