A company produces a special new type of TV. The company has fixed costs of $469,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $1900. Assume a linear demand. What is the marginal profit if 200 TVs are produced It is $ per item. (Round answer to nearest dollar.)

A company produces a special new type of TV. The company has fixed costs of $469,000, and it costs $1200 to produce each TV. The company projects that if it charges a price of $2200 for the TV, it will be able to sell 750 TVs. If the company wants to sell 800 TVs, however, it must lower the price to $1900. Assume a linear demand. What is the marginal profit if 200 TVs are produced It is $ per item. (Round answer to nearest dollar.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 5E

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