Demand and Cost Data for Will's Beach Ball CompanyTable 26.1A Monopolistically Competitive FirmPriceDemand Data QuantityCost Data OutputTotal Cost$1166$48$1077$52$988$57$899$63$71010$70Refer to Table 26.1. In order to maximize profit, Will's Beach Ball Company should produce ________ and charge a price of ________ each.
A. 7 beach balls; $10
B. 9 beach balls; $8
C. 8 beach balls; $9
D. 6 beach balls; $11
Answer: A
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