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CalculusQ&A LibraryA company produces a special new type of TV. The company has fixed costs of$475,000,and it costs$1100to produce each TV. The company projects that if it charges a price of$2600for the TV, it will be able to sell750TVs. If the company wants to sell800TVs, however, it must lower the price to$2300.Assume a linear demand. How many TVs must the company sell to earn$2,090,000in revenue?Question

Asked Sep 10, 2019

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A company produces a special new type of TV. The company has fixed costs of

$475,000,

and it costs
$1100

to produce each TV. The company projects that if it charges a price of
$2600

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
$2300.

Assume a linear demand.How many TVs must the company sell to earn

$2,090,000

in revenue?

Step 1

*Calculation:*

From the given information, the following demand equations can be framed.

750 = *x* + 2600*y* …… (1)

800 = *x* + 2300*y* …… (2)

By solving the above equations the v...

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