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What is optimal price

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Reference no: EM132671133

ABC Manufacturing is a small company manufacturing steel sheets. Following are ABC Manufacturing's income and costs for a typical month:

Sales 6,000 units
Wholesale price $40.00 per unit
Variable costs $15.00 per unit
Fixed costs $15,000

Problem 1: What is optimal price?

Group of answer choices

Option 1: none of these

Option 2: Optimal price is the price that will produce highest segmented profit

Option 3: Optimal price is the price that will produce highest contribution after variable costs

Option 4: Optimal price is the price that will produce highest market share

Reference no: EM132671133

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