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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Until y
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.
Hame:
What price should the company charge to earn a profit of $1,274,000?
Due:
It would need to charge $
(Round answer to'nearest dollar. If more than one answer, separate with a comma.)
Last Worked
Current Sco
Attempts:
Late Submis
icorrect: 1
/ Question
/ Question
Question
Review
Clear all
Check answer
This course (Math
Terms of Use | Priv
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F9
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F7
F5
F6
esc
F3
F4
F2
F1
*
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9
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Transcribed Image Text:Until y 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. Hame: What price should the company charge to earn a profit of $1,274,000? Due: It would need to charge $ (Round answer to'nearest dollar. If more than one answer, separate with a comma.) Last Worked Current Sco Attempts: Late Submis icorrect: 1 / Question / Question Question Review Clear all Check answer This course (Math Terms of Use | Priv IMG 2782.JPG IMG 2209JPG Ex étv 24 DII DD F12 F10 F11 000 DOD F9 80 FB F7 F5 F6 esc F3 F4 F2 F1 * @ # $ % 9 5 6 8 3 4
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