Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacture has been selling 1500 television sets a week at $540 each. A market survey indicates that for each $30 rebate offered to a

image text in transcribed

image text in transcribed
A manufacture has been selling 1500 television sets a week at $540 each. A market survey indicates that for each $30 rebate offered to a buyer, the number of sets sold will increase by 300 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 135000 + 180x, how should it set the size of the rebate to maximize its profit? Question Help: Video Submit

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

Elementary Linear Programming With Applications

Authors: Bernard Kolman, Robert E Beck

2nd Edition

0080530796, 9780080530796

More Books

Students also viewed these Mathematics questions

Question

c. Are there any prerequisites for the course?

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago