Decide the optimal number of units to put in a package

Reference no: EM13685636

A monopoly is considering selling several units of a homogeneous product as a single package. A typical customer’s demand for the product is Qd = 120 - 0.5P, and the marginal cost of production is $150.

1. Decide the optimal number of units to put in a package.

2. How much must the firm charge for this package?

Reference no: EM13685636

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