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QUESTION 4 Toyota South Africa is considering the production of a new hybrid vehicle, the Toyota EcoCar. As a consultant specialising in the automotive industry,

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QUESTION 4 Toyota South Africa is considering the production of a new hybrid vehicle, the Toyota EcoCar. As a consultant specialising in the automotive industry, you have been tasked with assisting Toyota with the cost management and planning for the new vehicle. Toyota has estimated the following costs: a) Suppose Toyota South Africa sells 500 EcoCars in a year; what would its total profit be? [2]

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