Homework Answers
Demand is P = 6 - 0.5Q. Marginal cost is MC = 0.5
Optimal package size has P = MC so 6 - 0.5Q = 0.5 or Q = 5.5/0.5 = 11 units
Optimal package price = Consumer surplus at 11 units + cost of selling 11 units
= 0.5*(6 - 0.5)*11 + 0.5*11
= $35.75
Hence, Optimal package size = 11 units and Optimal package price is $35.75
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