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Honda Motor Company is considering offering a $2,800 rebate on its minivan, lowering the vehicle's price from $30,000 to $27,200. The marketing group estimates that
Honda Motor Company is considering offering a $2,800 rebate on its minivan, lowering the vehicle's price from $30,000 to $27,200. The marketing group estimates that this rebate will increase sales over the next year from 48,000 to 62,000 vehicles. Suppose it a good idea? The benefits are $ million. (Round to one decimal place.) The costs are $ million. (Round to one decimal place.) Is it a good idea? (Select from the drop-down menu.)
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