A company produces a special new type of TV. The company has
fixed costs of ?$476,000...
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A company produces a special new type of TV. The company hasfixed costs of ?$476,000 and it costs ?$1300 to produce each TV.The company projects that if it charges a price of ?$2300 for the?TV, it will be able to sell 750 TVs. If the company wants to sell800 ?TVs, however, it must lower the price to ?$2000. Assume alinear demand.
What price should the company charge to earn a profit of?$734,000??
It would need to charge ?$
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