Compute the output level to maximize profit

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Reference no: EM1372342

Woodland Instruments, Company operates in highly competitive electronics industry. Prices for its R2-D2 control switches are stable at $100 each. This means that P = MR = $100 in this market. Engineering estimates indicate that relevant marginal cost relations for the R2-D2 model are: MC= $25 + $0.005Q.

Calculate the output level that will maximize R2-D2 profit.

Reference no: EM1372342

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