A manufacture has been selling 1350 television sets a week at $480 each. A market survey indicates that for each $15 rebate offered to a buyer, the number of sets sold will increase by 150 per week. a) Find the demand function p(x), where x is the number of the television sets sold per week. p(x) = b) How large rebate should the company offer to a buyer, in order to maximize its revenue? $ c) If the weekly cost function is 108000 + 160x, how should it set the size of the rebate to maximize its profit?
