3. At a price of $3 each, SHAPE magazine sells 1.25 million copies of its magazine targeted to young women seeking a hea

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3 At A Price Of 3 Each Shape Magazine Sells 1 25 Million Copies Of Its Magazine Targeted To Young Women Seeking A Hea 1 (24.92 KiB) Viewed 51 times

3. At a price of $3 each, SHAPE magazine sells 1.25 million copies of its magazine targeted to young women seeking a healthier lifestyle. If the price is increased to $3.25 each only 1 million copies will be sold. Fixed costs are $1 million and unit variable costs are $0.50 per magazine. For the information provided here, what is SHAPE magazine's total revenue obtained at the higher price? (5 points) 10