An automobile manufacturer would like to add a new feature to their standard production model. The new
Question:
An automobile manufacturer would like to add a new feature to their standard production model. The new feature will cost the manufacturer $8.67 per car to produce, and they expect to sell 100,000 cars per year. If the cars normally sell for $25,990 each, how much do they need to increase the price to reach a break even point in 18 months?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Exploring Engineering An Introduction to Engineering and Design
ISBN: 978-0123747235
2nd edition
Authors: Philip Kosky, George Wise, Robert Balmer, William Keat
Question Posted: