Optimum level of production and price level

Reference no: EM1315208

A monopoly is considering selling several units of a homogenous product as a single package. A typical consumer's demand for the product is Q^d=200-2P, and the marginal cost of production is $40.

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

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

Reference no: EM1315208

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