Ingham Corporation Recently Changed the Selling Price of One of Its

question 11

Multiple Choice

Ingham Corporation recently changed the selling price of one of its products.Data concerning sales for comparable periods before and after the price change are presented below. The product's variable cost is $16.40 per unit. According to the formula in the text, the product's profit-maximizing price is closest to:

• A)$35.82
• B)$32.89
• C)$35.23
• D)$20.74

---

Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and transmitting information.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the environment into internal electrical impulses for the brain to interpret.

Axons

Long, slender projections of nerve cells that transmit electrical impulses away from the neuron's cell body to other neurons, muscles, or glands.

Reflex Pathways

The neural circuits involved in involuntary responses to certain stimuli, enabling rapid reactions without conscious brain involvement.