A company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $1900. Assume a linear demand. If the company sets the price of the TV to be $3400, how many can it expect to sell? It can expect to sell TVs (Round answer to nearest integer.)
A company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $1900. Assume a linear demand. If the company sets the price of the TV to be $3400, how many can it expect to sell? It can expect to sell TVs (Round answer to nearest integer.)
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
Related questions
Question
100%
Help
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you