Determine the optimal number of units to put in a package


Problem: A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Q = 120 - 0.25P, and the marginal cost of production is $160.

a. Determine the optimal number of units to put in a package.

b. How much should the firm charge for this package?

Request for Solution File

Ask an Expert for Answer!!
Other Subject: Determine the optimal number of units to put in a package
Reference No:- TGS03314861

Expected delivery within 24 Hours