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In 2021, Jeep revived the Jeep Wagoneer. Given that this was a nearly 30 absence since the Wagoneer's last production-run, Jeep is unsure how to

In 2021, Jeep revived the "Jeep Wagoneer." Given that this was a nearly 30 absence since the Wagoneer's last production-run, Jeep is unsure how to price the new vehicle and hires you to assist. Jeep estimates demand for the vehicle to be:

Q = 400 - 5P (or P = 80 - 0.2Q)

where Q is quantity (in hundreds) of Jeep Wagoneer cars sold and P is the price (in thousands) of US Dollars. If marginal cost = 30 what price do you recommend that Jeep charge in order to maximize profits?

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