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?
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?
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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Question
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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