12 You are the publisher of a new magazine. The variable cost of printing and distributing each weekly copy of the magazine is $0.25. You are thinking of charging between

$0.50 and $1.30 per week for the magazine. The estimated numbers of subscribers (in millions) for weekly prices of

$0.50, $0.80, and $1.30 are as follows:

What price will maximize weekly profit from the magazine?

Transcribed Image Text:

Price Demand (Millions) 0.5 2.00 0.8 1.20 1.3 0.30