Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacture has been selling 1850 television sets a week at $390 each. A market survey indicates that for each $17 rebate offered to a

image text in transcribed

image text in transcribed
A manufacture has been selling 1850 television sets a week at $390 each. A market survey indicates that for each $17 rebate offered to a buyer, the number of sets sold will increase by 170 per week. a) Find the demand function p(a), where a is the number of the television sets sold per week. p(2)= b) How large rebate should the company offer to a buyer, in order to maximize itt revenue? c) If the weekly cost function is 120250 + 130x, how should it set the size of the rebate to maximize its profit

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_2

Step: 3

blur-text-image_3

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

Euclidean Geometry And Transformations

Authors: Clayton W Dodge

1st Edition

0486138429, 9780486138428

More Books

Students also viewed these Mathematics questions