Question

A company produces a special new type of TV. The company has fixed costs of $469 comma 000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2300. Assume a linear demand. What price should the company charge to earn a profit of $961 comma 000? It would need to charge $    enter your response here (Round answer to nearest dollar. If more than one answer, separate with a comma.) create a response for me 

          A company produces a special new type of TV.  The company has fixed costs of $469 comma 000, and it costs $1200 to produce each TV.  The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs.  If the company wants to sell 800 TVs, however, it must 
lower the price to $2300.  Assume a linear demand.
What price should the company charge to earn a profit of $961 comma 000?
It would need to charge $
  
enter your response here
(Round answer to nearest dollar.  If more than one answer, separate with a comma.) create a response for me
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Added by Michael W.

Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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A company produces a special new type of TV. The company has fixed costs of $469 comma 000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $2300. Assume a linear demand. What price should the company charge to earn a profit of $961 comma 000? It would need to charge $    enter your response here (Round answer to nearest dollar. If more than one answer, separate with a comma.) create a response for me
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A company produces a specialty line of TVs. The company has fixed costs of $497,000 and it costs $1,100 to produce each TV. The company projects that it can sell 2,200 TVs. However, it was only able to sell 800 TVs. Now, the company wants to sell 850 TVs. However, in order to do so, it must lower the price to $1,900. Assuming a linear demand, what price should the company charge to earn a profit of $883,000? It would need to charge $[] (Round answer to nearest dollar. If more than one answer, separate with a comma).

Madhur L.
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Transcript

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00:01 Hi, here for the given question we are given that the fixed cost is equal to $497 ,000 and here the cost on tv cost on tv is equal to $1100.
00:19 Now further we are given that if price changes to $2100 then the number of tvs is equal to $800 and if it changes to $1900 then the number of tvs is equal to $850.
00:33 So here we can say that our price function can be denoted as p -2200 is equal to 2100 -1100 divided by 850 -800 multiplied with d -850.
00:50 So here on solving this we have p -2200 is equal to 300 upon 50 multiplied with d -850.
00:59 So simplifying this we have p -2200 is equal to 6 multiplied with d -850.
01:06 So solving further we have p equals to 6g -7300.
01:15 So here this is the value of our price function.
01:17 Now here we are given that revenue generated r is equal to $883 ,000.
01:27 So here we need to find what is the value of x.
01:30 We know that revenue r is equal to price into x.
01:34 So here this can be written as $883 ,000 is equal to 6d -700 7300...
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