$2200 for the TV, it will be able to sell 800 TVs. If the company wants to sell 850 TVs, however, it must A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs $1300 to produce each TV. The company projects that if it charges a price lower the price to $1900. Assume a linear demand.

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ISBN:9780470458365
Author:Erwin Kreyszig
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A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs $1300 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
lower the price to $1900. Assume a linear demand.
What is the marginal profit if 250 TVs are produced
It is $ per item.
(Round answer to nearest dollar.)
Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs $1300 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 lower the price to $1900. Assume a linear demand. What is the marginal profit if 250 TVs are produced It is $ per item. (Round answer to nearest dollar.)
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