Question
A company produces a special new type of TV. The company has fixed costs of $458,000 and it costs $1000 to produce each TV. The
A company produces a special new type of TV. The company has fixed costs of $458,000 and it costs $1000 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 700 TVs. If the company wants to sell 750 TVs, however, it must lower the price to $2000 Assume a linear demand. What is the maximum profit that can be reached?
It is $
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
