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A company produces a special new type of TV. The company has fixed costs of $497,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must - lower the price to $2300. Assume a linear demand. What price should the company charge to earn a profit of $933,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma.)

A company produces a special new type of TV. The company has fixed costs of $497,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must - lower the price to $2300. Assume a linear demand. What price should the company charge to earn a profit of $933,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma.)

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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A company produces a special new type of TV. The company has fixed costs of $497,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2300. Assume a linear demand. What price should the company charge to earn a profit of $933,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma.)
Transcribed Image Text:A company produces a special new type of TV. The company has fixed costs of $497,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2300. Assume a linear demand. What price should the company charge to earn a profit of $933,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma.)
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