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b.) (6)Suppose the company is considering investing $20 million in a new marketing campaign. They estimate they would sell an additional 2,000 vehicles if the
b.) (6)Suppose the company is considering investing $20 million in a new marketing campaign. They estimate they would sell an additional 2,000 vehicles if the price is $65,000/vehicle, or sell an additional 3,000 vehicles if the price is $50,000/vehicle. Calculate the company's profits under both scenarios. Should they invest the $20 million in the marketing campaign? If so, what price should they charge?
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