Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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Question
13.
A company produces a special new type of TV. The company has fixed costs of
$462,000,
and it costs
$1500
to produce each TV. The company projects that if it charges a price of
$2300
for the TV, it will be able to sell
750
TVs. If the company wants to sell
800
TVs, however, it mustlower the price to
$2000.
Assume a linear demand.What are the company's profits if marginal profit is $0?
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