A company produces a special new type of TV. The company has fixed costs of $492,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2000. Assume a linear demand. How many TVs must the company sell to earn $1,925,000 in revenue? It needs to sell enter your response here TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)
A company produces a special new type of TV. The company has fixed costs of $492,000, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2000. Assume a linear demand. How many TVs must the company sell to earn $1,925,000 in revenue? It needs to sell enter your response here TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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Question
A company produces a special new type of TV. The company has fixed costs of
$492,000,
and it costs
$1000
to produce each TV. The company projects that if it charges a price of
$2300
for the TV, it will be able to sell
750
TVs. If the company wants to sell
800
TVs, however, it must lower the price to
$2000.
Assume a linear demand.How many TVs must the company sell to earn
$1,925,000
in revenue?It needs to sell
enter your response here
TVs.(Round answer to nearest integer. If more than one answer, separate with a comma.)
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