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Calculate the output level that will maximize profit

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Scranton Heating & Air Conditioning, Inc., offers heating and air conditioning system inspections in the Scranton, Pennsylvania, market. Prices are stable at $50 per unit. This means that P = MR = $50 in this market. Total cost (TC) and marginal cost (MC) relations are:

  • TC = $1,000,000 + $10Q + $0.00025Q(squared)
  • MC = d(TC)/ dQ = $10 + $0.0005Q

Calculate the output level that will maximize profit.

Calculate this maximum profit.

Reference no: EM131395754

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