A company produces a special new type of TV. The company has fixed costs of $498,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2500 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 $2200. Assume a linear demand. What are the company's profits if marginal profit is $0? The profit will $enter your response here.
A company produces a special new type of TV. The company has fixed costs of $498,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2500 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 $2200. Assume a linear demand. What are the company's profits if marginal profit is $0? The profit will $enter your response here.
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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A company produces a special new type of TV. The company has fixed costs of
$498,000,
and it costs
$1200
to produce each TV. The company projects that if it charges a price of
$2500
for the TV, it will be able to sell
850
TVs. If the company wants to sell
900
TVs, however, it mustlower the price to
$2200.
Assume a linear demand.What are the company's profits if marginal profit is $0?
The profit will
$enter your response here.
(Round answer to nearest cent.)
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