Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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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 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.
​(Round answer to nearest​ cent.)
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