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 mustlower 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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- 2. A company has determined that the demand function for a certain couch is given by p = 4000 - 0.25x, where p is the price per couch and x is the number of couches sold. The fixed costs associated with producing a line of couches is $500,000, and each couch costs $280 to make. a. Start by finding functions to represent the revenue b. and the total cost c. then find a function for profit d. Determine how many couches should be manufactured and sold in order to maximize profit. Show Work and Write a Sentence!arrow_forwardA company produces a special new type of TV. The company has fixed costs of $492,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2300 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 $2000. Assume a linear demand. How many TVs must the company sell to earn $1,925,000 in revenue? It needs to sell enter your response here TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)arrow_forward
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