Boden Company's Management Believes That Every 2% Increase in the Selling

question 58

Multiple Choice

Boden Company's management believes that every 2% increase in the selling price of one of the company's products would lead to a 5% decrease in the product's total unit sales. The product's variable cost is $19.30 per unit.
-The product's profit-maximizing price according to the formula in the text is closest to:

• A)$37.39
• B)$31.44
• C)$40.88
• D)$28.91

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