You have been charged by ceo len becker to summarize the merits of the option presented at the meeting in his absence. craft the body of a document for mr. becker. develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. organize your response in a clear and logical manner as appropriate for the genre of writing. use well-structured sentences, audience-appropriate language, and correct conventions of standard american english.

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?