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A manufacture has been selling 1850 television sets a week at 510 each. A market survey...
A manufacture has been selling 1850 television sets a week at 510 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, where is the number of the television sets sold per week.
? How large rebat should the company offer to a buyer in order to maximize revenue? If the weekly cost function is 157250+170x, how should it set the size of the rebate to maximixe its profit?
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