Suppose you are the manager at the Camry Division of Toyota Motors. If the marketing department estimates that the semiannual demand for Camry is given by Q=80,000 - 4P, what price should you charge in order to maximize revenues from sales of the Camry?

Answer rating: 100% (QA)

Q 80000 4P 4P 80000 Q P 80000 Q 4 20000 025Q Tot... View the full answer