A company selling televisions has monthly operating costs of $34750 and it costs the company $475 to make each T.V. They can sell 1000 televisions at a price of $850, but found if they lowered the price to $700 they would sell 1150 T.V.'s. (a) Find the following: i. R(x) ii. C(x) iii. T(x) (b) Find the break even point. (c) Find the maximum profit. (d) Find the revenue that maximizes profit
A company selling televisions has monthly operating costs of $34750 and it costs the company $475 to make each T.V. They can sell 1000 televisions at a price of $850, but found if they lowered the price to $700 they would sell 1150 T.V.'s. (a) Find the following: i. R(x) ii. C(x) iii. T(x) (b) Find the break even point. (c) Find the maximum profit. (d) Find the revenue that maximizes profit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please solve d part
Transcribed Image Text:A company selling televisions has monthly operating costs of $34750 and it costs the company $475
to make each T.V. They can sell 1000 televisions at a price of $850, but found if they lowered the
price to $700 they would sell 1150 T.V.'s.
(a) Find the following:
i. R(x)
ii. C(x)
ii. п(х)
(b) Find the break even point.
(c) Find the maximum profit.
(d) Find the revenue that maximizes profit
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