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 $2200 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 $1900. Assume a linear demand. What are the company's profits if marginal profit is $0? The profit will $enter your response here.
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 $2200 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 $1900. Assume a linear demand. What are the company's profits if marginal profit is $0? The profit will $enter your response here.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
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
$2200
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
$1900.
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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