A company produces a special new type of TV. The company has fixed costs of $494,000, and it costs $1100 to produce each charges a price of $2500 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 $2200. Assume a linear demand. The company projects that if it What is the maximum profit that can be reached? It is S.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
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Annou
A company produces a special new type of TV. The company has fixed costs of $494,000, and it costs $1100 to produce each TV. The company projects that if it
charges a price of $2500 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 $2200. Assume a linear
demand.
Calen
Syllab What is the maximum profit that can be reached?
It is $.
Home
(Round answer to nearest cent.)
Quizzi
Grade
Transcribed Image Text:Annou A company produces a special new type of TV. The company has fixed costs of $494,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 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 $2200. Assume a linear demand. Calen Syllab What is the maximum profit that can be reached? It is $. Home (Round answer to nearest cent.) Quizzi Grade
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