A manufacture has been selling 1350 television sets a week at $480 each. A market survey indicates that for each $18 rebate offered to a buyer, the number of sets sold will increase by 180 per week. i. Find the demand function p(x), where is the number of the television sets sold per week. p(x) = ii. How large rebate should the company offer to a buyer, in order to maximize its revenue? $ iii. If the weekly cost function is 108000 + 160x, how should it set the size of the rebate to maximize its profit? $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter8: Polynomials
Section8.1: Adding And Subtracting Polynomials
Problem 44PPS
icon
Related questions
Question
A manufacture has been selling 1350 television sets a week at $480 each. A market survey indicates that for each $18
rebate offered to a buyer, the number of sets sold will increase by 180 per week.
i. Find the demand function p(x), where æ is the number of the television sets sold per week.
p(x) =
ii. How large rebate should the company offer to a buyer, in order to maximize its revenue? $
iii. If the weekly cost function is 108000 + 160x, how should it set the size of the rebate to maximize its profit? $
Transcribed Image Text:A manufacture has been selling 1350 television sets a week at $480 each. A market survey indicates that for each $18 rebate offered to a buyer, the number of sets sold will increase by 180 per week. i. Find the demand function p(x), where æ is the number of the television sets sold per week. p(x) = ii. How large rebate should the company offer to a buyer, in order to maximize its revenue? $ iii. If the weekly cost function is 108000 + 160x, how should it set the size of the rebate to maximize its profit? $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage