A company produces a special new type of TV. The company has fixed costs of $463,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2400 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2100. Assume a linear demand. What are the company's profits if marginal profit is $0? The profit will $ (Round answer to nearest cent.)
A company produces a special new type of TV. The company has fixed costs of $463,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2400 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2100. Assume a linear demand. What are the company's profits if marginal profit is $0? The profit will $ (Round answer to nearest cent.)
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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Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $463,000, and it costs $1100 to produce each TV. The
company projects that if it charges a price of $2400 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs,
however, it must
lower the price to $2100. Assume a linear demand.
What are the company's profits if marginal profit is $0?
The profit will $
(Round answer to nearest cent.)
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