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Which price will yield the largest monthly profit

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Reference no: EM132957458

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

Price            Quantity Demanded

$6.98             31,500

$7.90           24,000

$5.88             36,700

Problem 1: Monthly costs of producing and delivering the magazine include $94,800 of fixed costs and variable costs of $2.10 per issue. Which price will yield the largest monthly profit?

Reference no: EM132957458

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