A company produces a special new type of TV. The company has fixed costs of $486,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2400 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 $2100. Assume a linear demand. If the company sets the price at $3600, how much profit can it earn? It can expect to earn/lose $ (Round answer to nearest dollar.)
A company produces a special new type of TV. The company has fixed costs of $486,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2400 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 $2100. Assume a linear demand. If the company sets the price at $3600, how much profit can it earn? It can expect to earn/lose $ (Round answer to nearest dollar.)
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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