A manufacturer has been selling 1000 television sets a week at $450 each. A market survey indicates
Question:
(a) Find the demand function.
(b) How large a rebate should the company offer the buyer in order to maximize its revenue?
(c) If its weekly cost function is C(x) = 69,000 + 150x, how should the manufacturer set the size of the rebate in order to maximize its profit?
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a As in Example 3 we see that the demand function p ...View the full answer
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Related Book For
Pricing Strategies A Marketing approach
ISBN: 978-1412964746
1st edition
Authors: Robert M. Schindler
Question Posted:
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