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 - 4P (or P = 100 - 0.25Q)

where Q is quantity (in hundreds) of Jeep Wagoneer cars sold and P is the price (in thousands) of US Dollars. If marginal cost = 25 what price do you recommend that Jeep charge in order to maximize profits?

Group of answer choices

$25

$55

$62.5

$150

None of the answers are correct.