
Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
Edition 8ISBN: 978-1259129858
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?
a. Determine the optimal number of units to put in a package.
b. How much should the firm charge for this package?
Explanation
a)State the consumer's demand function.
...
Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255