Find the annual profit generated by light trucks

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Reference no: EM132078576

General Motors produces light trucks in several Michigan factories, where its annual fixed costs are $180 million, and its marginal cost per truck is approximately $20,000. Regional demand for the trucks is given by: P _ 30,000 _ 0.1Q, Where P denotes the price in dollars and Q denotes annual sales of the trucks. Find GM's profit maximizing output and price. Find the annual profit generated by light trucks

Reference no: EM132078576

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