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Rhonda Baker is the owner/operator of a workout facility.She is considering five prices for a monthly workout pass.Her estimates of price and quantity demanded are:

Rhonda Baker is the owner/operator of a workout facility.She is considering five prices for a monthly workout pass.Her estimates of price and quantity demanded are:

PriceQuantity Demanded

$68450

$58725

$48800

$381,000

$281,300

Monthly costs of providing the workout service include $8,000 of fixed costs and $23 of variable costs per customer.

Which price will result in the highest monthly profit.Show all work for all prices.

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