A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is Qd = 120 – 0.25P, and the marginal cost of production is $160. a. Determine the optimal number of units to put in a package.

You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 400 - 4Q and C(Q) = 2,000+ 3Q2, respectively, a . What price-quantity combination maximizes your firm's profits? Instructions: Round your response to the nearest penny (two decimal places). Price: $ Quantity: units b. Calculate the maximum profits. Instructions: Round your response to the nearest penny (two decimal places).

Suppose a monopoly firm with a constant marginal cost 10 faces an inverse linear demand function p= 50 - Q. What would be the profit-maximizing price and quantity if its marginal cost doubles?

If the government forces a natural monopoly to produce the output where P= MC, the firm: Group of answer choices A-All of the responses here are correct. B-Will fail to produce efficiently. C-Will incur loses. D-Will be producing less than the profit- maximizing level of output.