A company produces a special new type of TV. The company has fixed costs of $478,000, and it costs $1200 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. What is the marginal profit if 250 TVs are produced It is $ per item. (Round answer to nearest dollar.)

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The theory of absolute advantage was given by Adam Smith in the year 1776.