Question: Jackie Chan, Inc. ,operates in the highly competitive consumer electronics industry. Prices for its budget-priced, carousel compact disk. player are stable at $250 each. This

Jackie Chan, Inc. ,operates in the highly competitive consumer electronics industry. Prices for its budget-priced, carousel compact disk. player are stable at $250 each. This means that P = MR = $250 in this market. Engineering estimates indicate that relevant total and marginal cost relations for the player are:

TC = $400,000 + $70Q + $0.002Q2 MC = $70 + $0.004Q.

A. Calculate the output level that will maximize carousel CD player profit.

B. Calculate this maximum profit

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