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A company produces a special new type of TV. The company has fixed costs of $471,000...

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Basic Math

A company produces a special new type of TV. The company hasfixed costs of $471,000 and it costs $1200 to produce each Tv. Thecompany projects that if it charged $2300 for the TV it will sell700. If the company wants to sell 750 the price must be $2000.Assume a linear demand.

what price should the company charge to earn a profit of$679,000

It would need to charge..?

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