Woodland instruments inc operates in the highly competitive, Business Economics

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Woodland instruments inc operates in the highly competitive

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: Woodland instruments inc operates in the highly competitive

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Business Economics: Woodland instruments inc operates in the highly competitive

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