Question

(1 pt) A manufacture has been selling 1550 television sets a week at 510 each. A market survey indicates that for each 14 rebate offered to a buyer, the number of sets sold will increase by 140 per week. a) Find the demand function P(X) , where x is the number of the television sets sold per week. b) How large rebate should the company offer to a buyer, in order to maximize its revenue? c) If the weekly cost function is 131750 + 170x, how should it set the size of the rebate to maximize

Answer 1

and.. what have you tried?

Answer 2

where are you stuck?

Answer 3

I'm stuck at the demand function. I tried solving for P by (p-510)/(x-1550) =-14/140. I know what to do after i get the function just getting the function is the thing that confuses me with optimization problems.

Answer 4

hmmm