Calculate the optimal number of bottles to package for sale

Reference no: EM13222709

Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P=15-3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Calculate the optimal number of bottles to package together for sale and the profit-maximizing price to charge for the package

Reference no: EM13222709

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