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

Price

Quantity Demanded

$7.93

24,900$6.99

31,300$5.94

37,000

Monthly costs of producing and delivering the magazine include $92,000of 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

$

$6.99

$

$5.94

$

price of $

enter the largest monthly profit amount in dollars rounded to 2 decimal places

yields the largest monthly profit.