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At which price are profits minimized? Use the following chart:


Quantity Sold Price Total Costs
20 $20 $150
25 18 180
30 16 200
35 14 225
40 12 250
a. $20
b. 12
c. 16
d. 18
e. 14
1 year ago

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Answered by GPT 3.5
b. $12
1 year ago

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Question

At which price are profits minimized? Use the following chart:


Quantity Sold Price Total Costs
20 $20 $150
25 18 180
30 16 200
35 14 225
40 12 250
a. $20
b. 12
c. 16
d. 18
e. 14

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