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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 = 70 - 0.25P, and the marginal cost of production is $100.
Problem a. Determine the optimal number of units to put in a package.
Problem b. How much should the firm charge for this package?
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Kenny retire at the age of 75 years and their superannuation funds average 10% annual return. Who will have more superannuation funds available at retirement
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