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.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
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.)
Expert Solution
steps

Step by step

Solved in 5 steps

Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,