A company produces a special new type of TV. The company has fixed costs of $452,000, and it costs $1400 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 700 TVs. If the company wants to sell 750 TVs, however, it must lower the price to $1900. Assume a linear demand. A What are the company's profits if marginal profit is $0? The profit will $ (Round answer to nearest cent.) 1 11

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company produces a special new type of TV. The company has fixed costs of $452,000, and it costs $1400 to produce each TV. The company projects that if it
charges a price of $2200 for the TV, it will be able to sell 700 TVs. If the company wants to sell 750 TVs, however, it must
lower the price to $1900. Assume a linear demand.
A
What are the company's profits if marginal profit is $0?
The profit will $
(Round answer to nearest cent.)
1
1
1)
1)
1)
Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $452,000, and it costs $1400 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 700 TVs. If the company wants to sell 750 TVs, however, it must lower the price to $1900. Assume a linear demand. A What are the company's profits if marginal profit is $0? The profit will $ (Round answer to nearest cent.) 1 1 1) 1) 1)
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