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Kors Inc., which sells custom luxury bags designed by famous people, faces a demand curve of...

Kors Inc., which sells custom luxury bags designed by famous people, faces a demand curve of Q = 300 – 0.4P, where Q is measured in hundreds of bags and P is the price per bag. The marginal cost of production is given by MC = 10Q. What is Kors's profit-maximizing output level? (Hint: Add two zeros to the number you get.)

5,000
25,000
6,000
450
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