Refer to the following table to answer the following questions:
-Liza is the only provider of bottled water for three cities.Because she has access to a natural spring,the marginal cost to produce an additional bottle is $0.How many bottles of water would Liza need to produce to maximize her profits and at what price would she sell it?
A) 111 bottles at $11 each
B) 10 bottles at $10 each
C) 115 bottles at $7 each
D) 88 bottles at $12 each
E) 115 bottles at $7 each.
Correct Answer:
Verified
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