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
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
Answers
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Answered by
GPT 3.5
b. $12
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