A manufacturer has been selling 1400 television sets a week at $390 each. A market survey indicates that for each $24 rebate offered to a buyer, the number of sets sold will increase by 240 per week. a) Find the demand function p(x), where x is the number of the television sets sold per week. p(x)= b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the weekly cost function is 91000+130x, how should it set the size of the rebate to maximize its profit? $
A manufacturer has been selling 1400 television sets a week at $390 each. A market survey indicates that for each $24 rebate offered to a buyer, the number of sets sold will increase by 240 per week. a) Find the demand function p(x), where x is the number of the television sets sold per week. p(x)= b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the weekly cost function is 91000+130x, how should it set the size of the rebate to maximize its profit? $
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 13E
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A manufacturer has been selling 1400 television sets a week at $390 each. A market survey indicates that for each $24 rebate offered to a buyer, the number of sets sold will increase by 240 per week.
a) Find the demand function p(x), where x is the number of the television sets sold per week.
p(x)=
b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
$
c) If the weekly cost function is 91000+130x, how should it set the size of the rebate to maximize its profit?
$
Please Show all work. Thank You!
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