A company produces a special new type of TV. The company has fixed costs of $455,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $1900. Assume a linear demand. If the company sets the price at $3400, how much profit can it earn? It can expect to earn/lose $ (Round answer to nearest dollar.)
A company produces a special new type of TV. The company has fixed costs of $455,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $1900. Assume a linear demand. If the company sets the price at $3400, how much profit can it earn? It can expect to earn/lose $ (Round answer to nearest dollar.)
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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A company produces a special new type of TV. The company has fixed costs of
$455,000, and it costs $1000 to produce each TV. The company projects that if
it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the
company wants to sell 850 TVs, however, it must lower the price to $1900.
Assume a linear demand.
If the company sets the price at $3400, how much profit can it earn?
It can expect to earn/lose $
(Round answer to nearest dollar.)
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