# A 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 sell800​TVs, 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?

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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?

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Step 1

Calculation:

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

750 = x + 2600y           …… (1)

800 = x + 2300y           …… (2)

By solving the above equations the v...

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