What is the maximum profit that can be reached?
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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Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $499,000, and it costs $1100 to produce each TV. The company projects that if it
charges a price of $2200 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 $1900. Assume a linear
demand.
What is the maximum profit that can be reached?
It is $.
(Round answer to nearest cent.)
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