A company produces a special new type of TV. The company has fixed costs of $496,000,...

 

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A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs $1300 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 800 TVs. If the company wants to sell 650 TVs, however, it must lower the price to $2000. Assume a linear demand. How many TVs must the company sell to eam $2,100,000 in revenue? It needs to sell TVs (Round answer to nearest integer. If more than one answer, separate with a comma) A company produces a special new type of TV. The company has fixed costs of $496,000, and it costs $1300 to produce each TV. The company projects that if it charges a price of $2300 for the TV, it will be able to sell 800 TVs. If the company wants to sell 650 TVs, however, it must lower the price to $2000. Assume a linear demand. How many TVs must the company sell to eam $2,100,000 in revenue? It needs to sell TVs (Round answer to nearest integer. If more than one answer, separate with a comma)

Answer rating: 100% (QA)

Scenario 1 Selling at a price of 2300 and selling 800 TVs Revenue from Scenario 1 Price per ... View the full answer