sets a week at $390 each.? A manufacture has been selling 1800 television sets a week at $390 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 function representing the price p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price.
- i got this answer and the answer was p(x)=-0.1x+570
b) How large rebate should the company offer to a buyer, in order to maximize its revenue? in dollars
c) If the weekly cost function is 117000+130x, how should it set the size of the rebate to maximize its profit? in dollars
thank you!
a) Find the function representing the price p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price.
- i got this answer and the answer was p(x)=-0.1x+570
b) How large rebate should the company offer to a buyer, in order to maximize its revenue? in dollars
c) If the weekly cost function is 117000+130x, how should it set the size of the rebate to maximize its profit? in dollars
thank you!