Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
Related questions
Question
13.
A company produces a special new type of TV. The company has fixed costs of
$462,000,
and it costs
$1500
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 mustlower the price to
$2000.
Assume a linear demand.What are the company's profits if marginal profit is $0?
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