Question
A company produces a special new type of TV. The company has fixed costs of $477,000, and it costs $1100 to produce each TV. The
A company produces a special new type of TV. The company has fixed costs of $477,000, 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 750 TVs. If the company wants to sell 800 Tvs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $953,000? it would need to charge $_____?
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Managing Operations Across the Supply Chain
Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley
2nd edition
9780077535063, 007802403X, 77535065, 978-0078024030
