A manufacture has been selling 1850 television sets a week at $420 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week. a) Find the demand function p(x), where x is the number of the television sets sold per week. p(x) = = b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the eekly cost function is 129500+ 140x, how should it set the size of the rebate to maximize its profit? $

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
Question
A manufacture has been selling 1850 television sets a week at $420 each. A market survey
indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by
100 per week.
a) Find the demand function p(x), where x is the number of the television sets sold per
week.
p(x) =
b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
$
c) If the weekly cost function is 129500 + 140x, how should it set the size of the rebate to
maximize its profit?
$
Transcribed Image Text:A manufacture has been selling 1850 television sets a week at $420 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week. a) Find the demand function p(x), where x is the number of the television sets sold per week. p(x) = b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the weekly cost function is 129500 + 140x, how should it set the size of the rebate to maximize its profit? $
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University