Answered: company's profits if marginal profit…

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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Question

13.

A company produces a special new type of TV. The company has fixed costs of

$462,000,

and it costs

$1500

to produce each TV. The company projects that if it charges a price of

$2300

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

$2000.

Assume a linear demand.

What are the company's profits if marginal profit is $0?

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Similar questions

If during the following year it is predicted that each comedy skit will generate 30 thousand and each musical number 20 thousand, find the maximum income for the year. A television program director must schedule comedy skits and musical numbers for prime-time variety shows. Each comedy skit requires 2 hours of rehearsal time, costs 3000, and brings in 20,000 from the shows sponsors. Each musical number requires 1 hour of rehearsal time, costs 6000, and generates 12,000. If 250 hours are available for rehearsal and 600,000 is budgeted for comedy and music, how many segments of each type should be produced to maximize income? Find the maximum income.

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company's profits if marginal profit is​ $0

company's profits if marginal profit is $0