
Mark M. answered 10/26/21
Mathematics Teacher - NCLB Highly Qualified
p(x) = (1950 + 110x)(450 - 11x)
Linda M.
asked 10/26/21A manufacture has been selling 1950 television sets a week at $450 each. A market survey indicates that for each $11 rebate offered to a buyer, the number of sets sold will increase by 110 per week.a) Find the demand function p(x), where x is the number of the television sets sold per week.p(x)= −10+645 b) How large rebate should the company offer to a buyer, in order to maximize its revenue?$127.5
c) If the weekly cost function is 146250+150x, how should it set the size of the rebate to maximize its profit?$
Mark M. answered 10/26/21
Mathematics Teacher - NCLB Highly Qualified
p(x) = (1950 + 110x)(450 - 11x)
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