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Economics

Woodland Instruments, Inc. operates in the highly competitive electronics industry. Prices for its RD – D2 control switches are stable at $100 each. Engineering estimates that total costs for each RD – D2 control switch are: TC = $500,000 + $25Q + $0.0025Q^2

TR = $100Q

Part a – Calculate the profit maximizing level of output

Part b – Calculate maximum profit

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705974

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