A manufacture has been selling 1400 television sets a week at $450 each. A market survey indicates that for each $14 rebate offered to a buyer, the number of sets sold will increase by 140 per week.

Question

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. find p(x)

b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
c) If the weekly cost function is 105000+150x , how should it set the size of the rebate to maximize its profit?

Answer 1

First part is done, look back to your previous post of this

I see you corrected your post

I suggested what to do, give it a try