Question
A company produces a special new type of TV. The company has fixed costs of $498,000, and it costs $1100 to produce each TV. The
A company produces a special new type of TV. The company has fixed costs of $498,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 850 TV's. If the company wants to see 900 TV's, however, it must lower the price to $1900. Assume a linear demand.
How many TV's must the company sell to earn $2,210,000 in revenue?
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Complex Analysis
Authors: Joseph Bak, Donald J Newman
3rd Edition
1441972889, 9781441972880
