Question

A company produces a special new type of TV. The company has fixed costs of $460,000,...

A company produces a special new type of TV. The company has fixed costs of $460,000, 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 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to ​$2000. Assume a linear demand. What is the marginal profit if 250 TVs are produced. It is ​$______per item.

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company produces a special new type of TV. The company has fixed costs of ​$492,000​,...
A company produces a special new type of TV. The company has fixed costs of ​$492,000​, and it costs ​$1300 to produce each TV. The company projects that if it charges a price of $2600 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 $2300. Assume a linear demand. How many TVs must the company sell to earn ​$2,090,000 in​ revenue?
A company produces a special new type of TV. The company has fixed costs of ​$471,000...
A company produces a special new type of TV. The company has fixed costs of ​$471,000 and it costs $1200 to produce each TV. The company projects that if it charges a price of ​$2300 for the​ TV, it will be able to sell 700 TVs. If the company wants to sell 750 ​TVs, however, it must lower the price to ​$2000 Assume a linear demand. What price should the company charge to earn a profit of ​$679,000
A company produces a special new type of TV. The company has fixed costs of $477,000,...
A company produces a special new type of TV. The company has fixed costs of $477,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 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 $2200. Assume a linear demand. What price should the company charge to earn a profit of $953,000? it would...
A company produces a special new type of TV. The company has fixed costs of $466,000...
A company produces a special new type of TV. The company has fixed costs of $466,000 and it costs $1200 to produce each Tv the company projects that if it charges a price of 2200 for the TV it will be able to sell 800 TVs. If the company wants to sell 850 Tvs however, it must lower the price to $1900. Assume a linear demand. How many TVs must the company sell to earn 2,040,000 in​ revenue? It needs...
A company produces a special new type of TV. The company has fixed costs of ​$488,000...
A company produces a special new type of TV. The company has fixed costs of ​$488,000 and it costs ​$1500 to produce each TV. The company projects that if it charges a price of ​$2200 for the​ TV, it will be able to sell 850 TVs. If the company wants to sell 900 ​TVs, however, it must lower the price to ​$1900 Assume a linear demand. What price should be set to earn maximum​ profits? It is ​$_____ per TV
Given cost and price​ (demand) functions C(q)=100q+41,000 and p(q)=−2.1q+850​, what is the maximum revenue that can...
Given cost and price​ (demand) functions C(q)=100q+41,000 and p(q)=−2.1q+850​, what is the maximum revenue that can be​ earned? It would be: A company produces a special new type of TV. The company has fixed costs of $460,000​, and it costs $1000 to produce each TV. The company projects that if it charges a price of $2600 for the​ TV, it will be able to sell 850 TVs. If the company wants to sell 900 ​TVs, however, it must lower the...
A company produces laptops.  It has fixed costs of $50,000, and it costs $314 to produce each...
A company produces laptops.  It has fixed costs of $50,000, and it costs $314 to produce each laptop.  The company determines that if they charge a price of $4900 per laptop, they can sell 8000 laptops.  In order to sell 10000, they would need to lower the price to $2500 per laptop.   Write out your cost, price, revenue, and profit equations. C(q)= p(q)= R(q)= pi(q)= b. How much profit can the company earn by if the decide to charge $3199 per laptop?
ABC Company produces a single unit that it sells for $20 per unit. ABC has the...
ABC Company produces a single unit that it sells for $20 per unit. ABC has the capacity to produce 28,000 units each month. ABC is currently selling 19,000 units each month. The costs associated with each unit appears below: direct materials $5.00 direct labor 2.50 variable overhead 1.00 fixed overhead 1.50 variable selling costs 4.00 fixed selling costs 0.75 ABC Company has received a special order from a customer who wants to purchase 18,000 units at a reduced price of...
Special Order Smooth Move Company manufactures professional paperweights and has been approached by a new customer...
Special Order Smooth Move Company manufactures professional paperweights and has been approached by a new customer with an offer to purchase 15,000 units at a per-unit price of $8.00. The new customer is geographically separated from Smooth Move's other customers, and existing sales will not be affected. Smooth Move normally produces 93,000 units but plans to produce and sell only 65,000 in the coming year. The normal sales price is $15 per unit. Unit cost information is as follows: Direct...
41. A computer company produces affordable, easy-to use home computer systems and has fixed costs of...
41. A computer company produces affordable, easy-to use home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700 for the first computer, $250 for the second, $300 for the third, $350 for the fourth, $400 for the fifth, $450 for the sixth, and $500 for the seventh. a. Create a table that shows the company’s output, total cost, marginal cost, average cost, variable cost, and average variable cost. b. At what price is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT