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A manufacture has been selling 1800 television sets a week at $390 each. A market survey...

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Basic Math

A manufacture has been selling 1800 television sets a week at$390 each. A market survey indicates that for each $10 rebateoffered to a buyer, the number of sets sold will increase by 100per week.

a) Find the function representing the demand p(x), where x isthe number of the television sets sold per week and p(x) is thecorresponding price. p(x) =

b) How large rebate should the company offer to a buyer, inorder to maximize its revenue? dollars

c) If the weekly cost function is 117000 + 130x, how should itset the size of the rebate to maximize its profit? dollars

Answer & Explanation Solved by verified expert
3.9 Ratings (594 Votes)
PARTaThe slope of the line is given byThe equation of the line is given byHence the    See Answer
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