Question 4 of 8 View Policies -/20 Current Attempt in Progress The editor of Cinrich magazine...

Transcribed Image Text:

Question 4 of 8 View Policies -/20 Current Attempt in Progress The editor of Cinrich magazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are: Price Quantity Demanded $7.91 24,200 $6.96 31,300 $5.94 36,700 !!! Monthly costs of producing and delivering the magazine include $96,800 of fixed costs and variabl costs of $2.00 per 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) $7.91 $ $6.96 EA $ $5.94 $ A price of $ eTextbook and Media Save for Later yields the largest monthly profit. Question 4 of 8 View Policies -/20 Current Attempt in Progress The editor of Cinrich magazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are: Price Quantity Demanded $7.91 24,200 $6.96 31,300 $5.94 36,700 !!! Monthly costs of producing and delivering the magazine include $96,800 of fixed costs and variabl costs of $2.00 per 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) $7.91 $ $6.96 EA $ $5.94 $ A price of $ eTextbook and Media Save for Later yields the largest monthly profit.