A company produces a special new type of TV. The company has fixed costs of $458,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be 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 250 TVs are produced It is $enter your response here per item. (Round answer to nearest dollar.)
A company produces a special new type of TV. The company has fixed costs of $458,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be 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 250 TVs are produced It is $enter your response here per item. (Round answer to nearest dollar.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
A company produces a special new type of TV. The company has fixed costs of
$458,000,
and it costs
$1100
to produce each TV. The company projects that if it charges a price of
$2500
for the TV, it will be 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
250
TVs are producedIt is
$enter your response here
per item.(Round answer to nearest dollar.)
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