A company produces a special new type of TV. The company has fixed costs of $474,000, 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 price should be set to earn maximum profits? It is $per TV. (Round answer to two decimal places.)

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company produces a special new type of TV. The company has fixed costs of $474,000, 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
A
demand.
What price should be set to earn maximum profits?
It is $ per TV.
(Round answer to two decimal places.)
/1)
/1)
1/1)
0/1)
0/1)
Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $474,000, 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 A demand. What price should be set to earn maximum profits? It is $ per TV. (Round answer to two decimal places.) /1) /1) 1/1) 0/1) 0/1)
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