Current Attempt in Progress

The editor ofAccustartmagazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are:

Price Quantity Demanded

$7.93 24,600

$6.97 31,100

$5.90 36,600

Monthly costs of producing and delivering the magazine include $94,400of fixed costs and variable costs of $2.20per issue.

Which price will yield the largest monthly profit?(Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Price Profit/(loss)

$7.93 $____________ ? (enter a dollar amount)

$6.97 $____________ (enter a dollar amount)

$5.90 $______________(enter a dollar amount)

A price of $____________________(enter the largest monthly profit amount in dollars rounded to 2 decimal places)

yields the largest monthly profit.