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

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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