A company produces a special new type of TV. The company has fixed costs of ​$492,000​, and it costs ​$1000 to produce each TV. The company projects that if it charges a price of ​$2300 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 ​$2000. Assume a linear demand.   How many TVs must the company sell to earn ​$1,925,000 in​ revenue?   It needs to sell enter your response here TVs. ​(Round answer to nearest integer. If more than one​ answer, separate with a​ comma.)

A company produces a special new type of TV. The company has fixed costs of $472,000 and it costs $1200 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 $958,000?

When a company offers a new product or service, they estimate how much of that product or service people will want at different prices. This is referred to as the product or service demand . As the price of a product or service increases, the demand usually decreases, and this drives the price down. Companies use the estimated demand to determine how much of a product or service they are willing to supply at different prices. As the price of a product or service increases, companies are willing to supply more of it because they will earn more money. If you graph the demand and the supply curves on the same xy-plane, they will sometimes intersect at the point where the price and the supply are in equilibrium. Consider the scenario below. Yaseen is a local artist who wants to increase the amount of money she earns every month by selling at-home painting kits. These kits will include a photograph of the finished painting, a link and password to Yaseen’s YouTube channel where she will…