Demand and Cost Data for Will's Beach Ball Company Table

Demand and Cost Data for Will's Beach Ball Company Table 26.1
A Monopolistically Competitive Firm
$\begin{array}{|r|r|r|r|r|}\hline&\text { Demand Data }&&\\\text { Price } & \text { Quantity } & \text { Cost Data Output } & \text { Total Cost } \\\hline \$ 11 & 6 & 6 & \$ 48 \\\hline \$ 10 & 7 & 7 & \$ 52 \\\hline\$9&8&8&\$57\\\hline \$ 8 & 9 & 9 & \$63 \\\hline \$7 & 10& 10&\$70 \\\hline\end{array}$
Refer to Table 26.1.In order to maximize profit,Will's Beach Ball Company should produce ________ and charge a price of ________ each.

A) 6 beach balls;$11
B) 7 beach balls;$10
C) 8 beach balls;$9
D) 9 beach balls;$8

Correct Answer:

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