Question
The editor of Cool magazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are: Price Quantity
The editor of Cool magazine 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 $6.97 31,000 $5.89 36,200 Monthly costs of producing and delivering the magazine include $91,000 of fixed costs and variable costs of $2.10 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) $7.93 $enter a dollar amount $6.97 $enter a dollar amount $5.89 $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.
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