Your company produces computers each month. In a given month, the company has fixed costs of $105,000, and it costs an additional $379 to produce each computer. If the company sets the price to be $1000 per computer, it can sell 2200 computers. It can only sell 2100 computers if it raises the price to $1280 per computer. What price should the company charge in order to maximize profit? Assume linear demand. The company should charge a price of ??? dollars per computer.
Your company produces computers each month. In a given month, the company has fixed costs of $105,000, and it costs an additional $379 to produce each computer. If the company sets the price to be $1000 per computer, it can sell 2200 computers. It can only sell 2100 computers if it raises the price to $1280 per computer. What price should the company charge in order to maximize profit? Assume linear demand. The company should charge a price of ??? dollars per computer.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Your company produces computers each month. In a given month, the company has fixed costs of $105,000, and it costs an additional $379 to produce each computer. If the company sets the price to be $1000 per computer, it can sell 2200 computers. It can only sell 2100 computers if it raises the price to $1280 per computer. What price should the company charge in order to maximize profit? Assume linear demand.
The company should charge a price of ??? dollars per computer.
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