A company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2600 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 $2300. Assume a linear demand. What price should the company charge to earn a profit of $1,060,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with comma.)
A company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2600 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 $2300. Assume a linear demand. What price should the company charge to earn a profit of $1,060,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with comma.)
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 $480,000, and it costs $1000 to produce each TV. The company projects that if it charges
a price of $2600 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 $2300. Assume a linear demand.
What price should the company charge to earn a profit of $1,060,000?
It would need to charge $
(Round answer to nearest dollar. If more than one answer, separate with a comma.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb087f8bb-f564-4314-9279-1911a6b53efa%2Fd5eeb5de-8661-49bc-82db-87e188da8219%2F0o5dyp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1000 to produce each TV. The company projects that if it charges
a price of $2600 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 $2300. Assume a linear demand.
What price should the company charge to earn a profit of $1,060,000?
It would need to charge $
(Round answer to nearest dollar. If more than one answer, separate with a comma.)
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