A company produces a special new type of TV. The company has fixed costs of $481,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $1,274,000? It would need to charge $ (Round answer to'nearest dollar. If more than one answer, separate with a comma.) rkec Sco pts: Submis icorrect: 1 Question y Question Question
A company produces a special new type of TV. The company has fixed costs of $481,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $1,274,000? It would need to charge $ (Round answer to'nearest dollar. If more than one answer, separate with a comma.) rkec Sco pts: Submis icorrect: 1 Question y Question Question
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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