A company produces a special new type of TV. The compant has
fixed costs of $471,000...
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A company produces a special new type of TV. The compant 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 $200.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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