help A company produces a special new type of TV. The company has fixed costs of $451,000, and it costs$1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will beable to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2200.Assume a linear demand.What is the marginal profit if 200 TVs are producedIt is $per item.(Round answer to nearest dollar.)Clear all2

Here marginal profit is the profit per unit . Profit is the difference between Total revenue and…

A company produces a special new type of TV. The company has fixed costs of $451,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will ben able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2200 Assume a linear demand. What is the marginal profit if 200 TVs are produced It is $ per item.

A company produces a special new type of TV. The company has fixed costs of $451,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will ben able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2200 Assume a linear demand. What is the marginal profit if 200 TVs are produced It is $ per item.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 5E

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