At what price would a U.S. customer be charged when buying a new BMW? Please do not put a separation comma between every 3 digits. For example, if the answer is 65 thousand dollars, put 65000 in the answer field. Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,000and a fixed cost of $10 billion. You are asked to advise the CEO as to what prices and quantitiesBMW should set for sales in Europe and in the United States. The demand for BMWs in the U.S. isgiven by Qu = 1, 000, 000 – 20PŲ. The demand for BMWs in Europe is given by QE4,000,000 - 100PE. All prices and costs are in U.S. dollars. Assume that the company can preventresale between the two markets.=

The company BMW is a profit-maximizing entity. Given the demand and cost functions for the United…

At what price would a U.S. customer be charged when buying a new BMW? Please do not put a separation comma between every 3 digits. For example, if the answer is 65 thousand dollars, put 65000 in the answer field.

At what price would a U.S. customer be charged when buying a new BMW? Please do not put a separation comma between every 3 digits. For example, if the answer is 65 thousand dollars, put 65000 in the answer field.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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