Question

Homework: HW 1.5 Applications in Business and Economics Save Score: 0 of 1 pt Instructor-created question Acompany produces a special new type of TV. The company has fixed costs of $456,000, and it costs $1500 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to 22 of 24 (20 complete) Hw Score: 66.67%, 16 of 24 pts Question Help sell 800 TVs. If the company wants to sell 850 TVs, however, it must lower the price to $2300. Assume a linear demand If the company sets the price at $3800, how much profit can it earn? It can expect to earnlose s Round answer to nearest dollar.)

Answer 1

get A conpany ces a seciao tv om hat iven dalo. Variable cost $ 15oo profit CP) Revenue CR)-(hs cc) Revenue CRI: drnand Cd)卡price(P) let P5 ad+b BH Sohin Sub in 2600 a( 60) b 2600 C-6)C 800)+ b b- 60o+ 4800

과·P: 3800, ther) 6d36o o d 600 st cofrred Cost +variable Cost CCd)456 0001500 (Goo) c Cd): 456000 + 900 DDO CCd) 1356000 Revenue ER): P d =3800*600 R , 2280000 Profit CP) R-C 2280000 1356000