SHAPE magazine is targeted at young women seeking healthier lifestyles. At a price of $3...
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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? O $3,750,000 O $3,250,000 $3,000,000 O no answers are correct
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