help A company produces a special new type of TV. The company has fixed costs of $467,000, and it costs $1100 toproduce each TV. The company projects that if it charges a price of $2400 for the TV, it will be able to sell 850TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2100. Assume a linear demand.What is the marginal profit if 250 TVs are producedIt is $ per item.(Round answer to nearest dollar.)Clear allFinal checkMacBook Pre

Answered: A company produces a special new type…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A company produces a special new type of TV. The company has fixed costs of $467,000, 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 850
TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2100. Assume a linear demand.
What is the marginal profit if 250 TVs are produced
It is $ per item.
(Round answer to nearest dollar.)
Clear all
Final check
MacBook Pre

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Step 1

Total revenue is the total amount of deals of goods and services. It is determined by multiplying the total amount of goods and services sold by the cost of the goods and services.

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