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Producing the profit maximizing output

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Reference no: EM131512886

Phil is one of many weazil salesmen in the city of Metrosprawl and is able to sell as much as he likes at the market price of $4. Phil's total and marginal cost functions are given by 

TC = 300 + 0.01q2

MC = 0.02q.

How much profit will Phil earn by producing the profit maximizing output?

Reference no: EM131512886

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