The editor of Uli magazine is considering three alternative prices for her new monthly periodical. Her estimate of price
Posted: Fri Jul 01, 2022 8:46 am
The editor of Uli magazine is considering three alternative prices for her new monthly periodical. Her estimate of price and quantity demanded are:
Price
Quantity Demanded
$7.91
24,900
$6.95
31,900
$5.89
36,100
Monthly costs of producing and delivering the magazine include $91,900 of fixed costs and variable costs of $2.20 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)
$7.91
$ enter a dollar amount
$6.95
$ enter a dollar amount
$5.89
$ enter a dollar amount
Price
Quantity Demanded
$7.91
24,900
$6.95
31,900
$5.89
36,100
Monthly costs of producing and delivering the magazine include $91,900 of fixed costs and variable costs of $2.20 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)
$7.91
$ enter a dollar amount
$6.95
$ enter a dollar amount
$5.89
$ enter a dollar amount