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.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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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.)
Transcribed Image Text: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.)
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