At a Price of $4

question 266

Multiple Choice

At a price of $4.00 each,SHAPE magazine sells 1.25 million copies of its magazine targeted to young women seeking a healthier lifestyle.If the price per issue is increased to $4.50 each,only 1 million copies will be sold.Fixed costs are $1 million and unit variable costs are $0.50 per magazine.Calculate the average revenue for SHAPE magazine at the higher price.

• A)$0.50
• B)$1.25
• C)$4.00
• D)$4.50
• E)$8.50

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Definitions:

Male Faculty

Refers to the male members of the teaching staff at an educational institution.

Male Group

A demographic or study group consisting exclusively of male subjects or participants.

Ranks Sum

The total value obtained by adding all the ranks assigned to the elements of a sample in non-parametric statistics.

NMR Data

Information derived from Nuclear Magnetic Resonance spectroscopy, used to determine the structure of molecules.