Coan Company Recently Changed the Selling Price of One of Its

question 35

Multiple Choice

Coan Company 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 $21.40 per unit.
-The product's profit-maximizing price according to the formula in the text is closest to:

• A)$30.08
• B)$70.54
• C)$29.43
• D)$32.55

---

Definitions:

Scientific Management

A management theory developed by Frederick Taylor aiming to improve economic efficiency and labor productivity through systematic study and analysis of workflow.

Mass Manufacturing

The production of large quantities of standardized products, often utilizing assembly line technology to achieve efficiency and cost-effectiveness.

World Economy

The global network of economic activities, including the production, distribution, and consumption of goods and services, across national borders.

Nonunion Representation

Forms of employee representation in the workplace other than labor unions, such as works councils or employee advocacy groups, that negotiate with employers on behalf of workers.