A monopoly is considering selling several units of a homogeneous product as a single package.

| September 29, 2018

A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 – 0.25P, and the marginal cost of production is $160.If your cost of producing bran muffins is C(Q) = 4.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price.Instruction: Round your answer for the optimal package price to two decimal places.a. Determine the optimal number of units to put in a package.unitsb. How much should the firm charge for this package?$

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