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 123750+150x , how should it set the size of the rebate to maximize its profit?
A) We know that when x = 1650, p(x) = 450 We also know that when p(x) decreases by 13, x increases by 130. That tells us... View the full answer