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dangina [55]
3 years ago
7

SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3 per copy, 1.25 million copies are sold.

If the price per issue is increased to $3.25, only 1 million copies would be sold. Fixed costs are $1 million and unit variable costs are $0.50 per magazine. From the information provided here, what is SHAPE magazine's total revenue obtained at the lower $3 price?a. $3,750,000 b. $3,250,000 c. $3,000,000 d. no answers are correct
Business
1 answer:
Lerok [7]3 years ago
3 0

Answer:

A. $ 3,750,000

Explanation:

Given that

At lower price

A copy is $3

Copies sold = 1.25 million

Recall that

Total revenue = Price of good × quantity of goods sold.

That is, the total amount of money a seller obtains by selling goods or/and services to a buyer(s)

Thus

Total revenue at low cost

= 3 × 1.25 million

= 3.75 million

= $3,750,000

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Answer:

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3 years ago
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You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
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Answer:

Second National  Bank

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FV = PV(1 + r)n

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<u>$13,900</u> = (1.10)n

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Explanation:

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amm1812

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Steve owns a bike store. his total costs are $1.2 million per year. last year, steve sold 1,200 bikes. steve's average total cos
rjkz [21]
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