(Answered) Suppose that it costs the automobile manufacturer 9000 to

Management Studies

Suppose that it costs the automobile manufacturer $9000 to produce a hybrid and that the demand for hybrids (in thousands) for a price of p thousand dollars is expressed by f(p) = 40 - 3p. What price for hybrids will maximize the company's profit? How would the answer change if f(p) = 500p-2?

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