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

Price

Quantity Demanded

$7.86

24,400$6.96

31,100$5.86

36,200

Monthly costs of producing and delivering the magazine include $90,400of fixed costs and variable costs of $2.10per 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)

$7.86

$

enter a dollar amount

$6.96

$

enter a dollar amount

$5.86

$

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.