Solution-Find the function representing the demand p

Find the function representing the demand p

Reference no: EM132076958

A manufacture has been selling 1950 television sets a week at $420 each. A market survey indicates that for each $15 rebate offered to a buyer, the number of sets sold will increase by 150 per week.

Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price.

p(x)=?

How large rebate should the company offer to a buyer, in order to maximize its revenue?

? dollars

If the weekly cost function is 136500+140x, how should it set the size of the rebate to maximize its profit?

? dollars

Reference no: EM132076958

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Find the function representing the demand p

Reference no: EM132076958

Reference no: EM132076958

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