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A manufacture has been selling 1750 television sets a week at $540 each. A market survey indicates that for each $14 rebate off...Asked by David
A manufacture has been selling 1150 television sets a week at $510 each. A market survey indicates that for each $13 rebate offered to a buyer, the number of sets sold will increase by 130 per week.
a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price.
b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
If the weekly cost function is 97750 + 170 x, how should it set the size of the rebate to maximize its profit?
a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price.
b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
If the weekly cost function is 97750 + 170 x, how should it set the size of the rebate to maximize its profit?
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