Math Problem Statement
A company produces a special new type of TV. The company has fixed costs of $498 comma 000498,000, and it costs $12001200 to produce each TV. The company projects that if it charges a price of $26002600 for the TV, it will be able to sell 800800 TVs. If the company wants to sell 850850 TVs, however, it must lower the price to $23002300. Assume a linear demand. How many TVs must the company sell to earn $2 comma 280 comma 0002,280,000 in revenue? It needs to sell enter your response here TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Quadratic Equations
Revenue Function
Formulas
Linear demand function: p(x) = mx + b
Revenue function: R(x) = x * p(x)
Quadratic equation: ax^2 + bx + c = 0
Quadratic formula: x = (-b ± √(b² - 4ac)) / 2a
Theorems
Quadratic Formula
Suitable Grade Level
Grades 9-12
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