A manufacture has been selling 1550 television sets a week at $480 each. A market survey indicates that for each $17 rebate offered to a buyer, the number of sets sold will increase by 170 per week. a) Find the demand function p(x), where x is the number of the television sets sold per p(x) 1 week. b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the weekly cost function is 124000 + 160x, how should it set the size of the rebate to

A manufacture has been selling 1550 television sets a week at $480 each. A market survey indicates that for each $17 rebate offered to a buyer, the number of sets sold will increase by 170 per week. a) Find the demand function p(x), where x is the number of the television sets sold per p(x) 1 week. b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the weekly cost function is 124000 + 160x, how should it set the size of the rebate to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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