Determine the optimal number of units to put in package, Microeconomics

+44 141 628 6080
[email protected]

Determine the optimal number of units to put in package

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 = 50 - .25P, and the marginal cost of production is $120.

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

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

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the optimal number of units to put in package

Reference No:- TGS066775

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Standard hours allowed for may production

Blue Company produces Trivets. Based on its master budget, the company should produce 1,000 Trivets each month, working 2,500 direct labor hours. During May, only 900 Trivets were produced. The company worked 2,400 direct labor hours. The standard

Q : Find optimal markups and prices under third-degree price

Determine your optimal markups and prices under third-degree price discrimination. Identify the conditions under which third-degree price discrimination enhances profits. Explain.

Q : Estimate profit-maximizing price and quantity

Hair Grow Co. has a demand curve of P=101-.00002Q Marginal cost for producing Hair Grow pill is $1. What is the profit-maximizing price and quantity? What is the profit?

Q : Accumulated depreciation for blaska company

Prepare journal entries to record these transactions: (a) Blaska Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No salvage value is received. (b) Assume the same inf

Q : Determine the optimal number of units to put in package

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 = 50 - .25P. Determine the optimal number of units to put in a package.

Q : What amount of debt should be eliminated

Kordel Inc. holds 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be elimi

Q : Tense/grammar point/usage

Tense/Grammar point/Usage Tense/Grammar point/Usage

Q : What area represent consumer surplus after quota is in place

Decides to limit the number of flights to Q1 to reduce air pollution. What area(s) represent(s) consumer surplus after the quota is in place?

Q : Anticommunsim and mccarthyism

Write 700 to 1050 words on the difference between Anticommunsim and McCarthyism , the perpective from which the media in 1947 to 1954 covered anticommunism and McCarthysim, american forgein policy desion impact anticommunism

1959308

Questions
Asked

3,689

Active Tutors

1446737

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the optimal number of units to put in package

Reference No:- TGS066775

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Standard hours allowed for may production

Q : Find optimal markups and prices under third-degree price

Q : Estimate profit-maximizing price and quantity

Q : Accumulated depreciation for blaska company

Q : Determine the optimal number of units to put in package

Q : What amount of debt should be eliminated

Q : Tense/grammar point/usage

Q : What area represent consumer surplus after quota is in place

Q : Anticommunsim and mccarthyism

Identify a current or potential ethical dilemma in a company

Discusses a recent cyberattack against a business

How constraint impacts project management

What are business benefits of identifying-managing risk

Demonstrate how you would start the group session

How intersectionality relates to substance use disorder risk

Multifaceted risks associated with substance use disorders

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the optimal number of units to put in package

Reference No:- TGS066775

Recent Questions Asked Microeconomics

Q : Standard hours allowed for may production

Q : Find optimal markups and prices under third-degree price

Q : Estimate profit-maximizing price and quantity

Q : Accumulated depreciation for blaska company

Q : Determine the optimal number of units to put in package

Q : What amount of debt should be eliminated

Q : Tense/grammar point/usage

Q : What area represent consumer surplus after quota is in place

Q : Anticommunsim and mccarthyism

Asked Questions