Typical consumer demand for the product

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Reference no: EM131244756

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

A typical consumer’s demand for the product is Qd = 50-.25P, and the marginal cost of production is $120.

-Determine the optimal number of units to put in a package.

-How much should the firm charge for this package?

Reference no: EM131244756

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