A company produces a special new type of TV. The company has fixed costs of $489,000, 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 is the maximum profit that can be reached? It is $ (Round answer to nearest cent.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A company produces a special new type of TV. The company has fixed costs of $489,000, 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 is the maximum profit that can be reached?
It is $.
(Round answer to nearest cent.)
Clear all
Check answer
MacBook
Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $489,000, 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 is the maximum profit that can be reached? It is $. (Round answer to nearest cent.) Clear all Check answer MacBook
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