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A company produces a special now type of TV. The company has found costs of $450.000, and costs $1400 to produce cach TV The
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Answer #1

If we assume that the demand of tv is linear and is 850 then the total cost incurred to produce 850 tv's will be

Fixed cost 4,50,000$

Variable cost (850*1400$) 11,90,000$

Desired profit 9,90,000$

Required Revenue 26,30,000$

Tv's produced 850

Price per TV 3094.12$ approx.

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