Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacture has been selling 1400 television sets a week at $510 each. A market survey indicates that for each $14 rebate offered to a

image text in transcribed
A manufacture has been selling 1400 television sets a week at $510 each. A market survey indicates that for each $14 rebate offered to a buyer, the number of sets sold will increase by 140 per week. a) Find the demand function p(x), where a is the number of the television sets sold per week. p(x) = b) How large rebate should the company offer to a buyer, in order to maximize its revenue? c) If the weekly cost function is 119000 + 170x, how should it set the size of the rebate to maximize its profit? Question Help: [ Video

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Measure Theory

Authors: Carlos S Kubrusly

1st Edition

3319225065, 9783319225067

More Books

Students also viewed these Mathematics questions

Question

Describe the benefits of studying intersectionality.

Answered: 1 week ago