A company produces a special new type of TV. The company has fixed costs of $497,000, 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 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2000. Assume a linear demand. What price should the company charge to earn a profit of $1,003,000? It would need to charge $
A company produces a special new type of TV. The company has fixed costs of $497,000, 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 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2000. Assume a linear demand. What price should the company charge to earn a profit of $1,003,000? It would need to charge $
Chapter6: Systems Of Equations And Inequalities
Section6.2: Two-variable Linear Systems
Problem 9ECP
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