CHAPTER 2

L10New Car Motors sells cars and trucks in a rapidly growing suburb. Based on past trends, the sales manager estimates that the inverse demand equation for cars is: P C = 40 -.05Q C where Q C is the number of cars sold per year and P C is the price per car (in thousandsof dollars). The price equation for trucks is: P T = 30 - .1Q T.In turn, NCM pays $10 thousand for each car from … ................
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