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A manufacture has been selling 1050 television sets a week at $390 each. A market survey indicates that for each $26 rebate offered to a
A manufacture has been selling 1050 television sets a week at $390 each. A market survey indicates that for each $26 rebate offered to a buyer, the number of sets sold will increase by 260 per week. i. Find the demand function p(a:), where z is the number of the television sets sold per week. w = ii. How large rebate should the company offer to a buyerI in order to maximize its revenue? 5 iii. If the weekly cost function is 68250 + 1303:, how should it set the size of the rebate to maximize its
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