A company produces a special new type of TV. The company has fixed costs of $482,000, and

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A company produces a special new type of TV. The company has fixed costs of $482,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $1,078,000

Posted Date: Jun 15, 2024 06:25 AM

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A company produces a special new type of TV. The company has fixed costs of $482,000, and

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