A manufacturer has been selling 1 000 flat screen TVs a week

Last updated: 11/12/2023

A manufacturer has been selling 1 000 flat screen TVs a week at 500 each A market survey indicates that for each 10 rebate offered to the buyer the number of TVs sold will increase by 100 per week a Find the demand function price p as a function of units sold x p x b How large a rebate in dollars should the company offer the buyer in order to maximize its revenue c If its weekly cost function is C x 64 000 120x how should the manufacturer set the size of the rebate in dollars in order to maximize its profit