I am new to the forum and have a few problems that are driving me crazy. Was hoping someone could help me. Thanks!
A manufacture has been selling 1650 television sets a week at 480 each. A market survey indicates that for each 19 rebate offered to a buyer, the number of sets sold will increase by 190 per week.
a) Find the demand function , where 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 , how should it set the size of the rebate to maximize its profit?