A company produces a special new type of TV. The company has fixed costs of $465

Question

A company produces a special new type of TV. The company has fixed costs of $465,000, and it costs $1400 to produce each TV. The company projects that if it charges a price of $2400 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 $2100. Assume a linear demand. How many TVs must the company sell to earn $2,160,000 in revenue? It needs to sell TVs. (Round answer to nearest integer. If more than one answer, separate with a comma.)

Explanation / Answer

Number's of TVs to be sold = Expected Revenue/ Price per TV = 2160000/2400=900

It must sell 900 TVs

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