if the market price of an electric van is $220,000 what is the maximum total profit the company can earn
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A company produces a special new type of TV. The company has fixed costs of $489,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2600 for the TV, it will be able to sell 700 TVs. If the company wants to sell 750 TVs, however, it must lower the price to $2300. Assume a linear demand. What is the maximum profit that can be reached?
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