company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1500 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must
company produces a special new type of TV. The company has fixed costs of $480,000, and it costs $1500 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must
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
$480,000,
and it costs
$1500
to produce each TV. The company projects that if it charges a price of
$2200
for the TV, it will be able to sell
800
TVs. If the company wants to sell
850
TVs, however, it mustlower the price to
$1900.
Assume a linear demand.What price should the company charge to earn a profit of
$660,000?
It would need to charge
$enter your response here
(Round answer to nearest dollar. If more than one answer, separate with a comma.
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