Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacture has been selling 1700 television sets a week at $540 each, A market survey indicates that for each $23 rebate offered to a

image text in transcribed
image text in transcribed
A manufacture has been selling 1700 television sets a week at $540 each, A market survey indicates that for each $23 rebate offered to a buyer, the number of sets sold will increase by 230 per week. a) Find the demand function 19(3) where :c is the number of the television sets sold per week. We) = i:i b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $l:i c) lfthe weekly cost function is 153000 + 180%, how should it set the size of the rebate to maximize its prot? isl:l

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamentals of Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

6th edition

0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237

Students also viewed these Mathematics questions

Question

1. What is a rehabilitation theory?

Answered: 1 week ago

Question

What are common costs?

Answered: 1 week ago