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book Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince cover

Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince

Edition 8ISBN: 978-1259129858
book Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince cover

Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince

Edition 8ISBN: 978-1259129858
Exercise 16
Amonopoly is considering selling several units of a homogeneous product as a single package. Atypical consumer's demand for the product is Q d = 80 -.5 P , and the marginal cost of production is $100.
a. Determine the optimal number of units to put in a package.
b. How much should the firm charge for this package?
Explanation
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a)State the consumer's demand function.
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Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
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