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

Price

Quantity Demanded

$7.93

24,200$6.98

31,200$5.87

36,200

Monthly costs of producing and delivering the magazine include $90,100of 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)

$6.98 $ (enter a dollar amount)

$5.87 $ (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.