...by 160: Maximize Profiti? A manufacture has been selling 1200 television sets a week at 360 each. A market survey indicates that for each 16 rebate offered to a buyer, the number of sets sold will increase by 160 per week.
a) Find the demand function p(x), where x is the number of the television sets sold per week.
p(x)=
b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
c) If the weekly cost function is 72000+120x, how should it set the size of the rebate to maximize its profit?
.
a) Find the demand function p(x), where x is the number of the television sets sold per week.
p(x)=
b) How large rebate should the company offer to a buyer, in order to maximize its revenue?
c) If the weekly cost function is 72000+120x, how should it set the size of the rebate to maximize its profit?
.