Answer: Fast Engines can change a premium price on its automobiles
Explanation:
Premium pricing refers to a when the price of a particular product or service is kept high artificially high so as to encourage a favorable perceptions among the buyers.
Since Tom's Car Repair and Fast Engines. incur a cost of $9,000 to manufacture a vehicle but the economic value created by Fast Engines. is more than that created by Tom's Car Repair, then it shows that fast Engines can change a premium price on its automobiles.
