Refer to the table below. If Just Juice is producing the profit-maximizing total quantity, what is the profit -maximizing price for Just Juice to charge per bottle?
Just Juice produces whole fruit juice that it sells in single bottles. Just Juice is a multi-plant firm with market power. The above table summarizes the total marginal cost of production at various output levels in Just Juice's two plants with the corresponding marginal revenue (dollars per bottle) and market demand (price per bottle).
A) $4.50
B) $4.00
C) $2.00
D) $3.50
B) $4.00
Economics
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