1. You decide to start cookies. You know that the demand for sandwiches is given by P= 2.50.1Q and that MC=AC=$0.50. a. Assume you are operating as a pure monopolist. What price should you charge and how many cookies will you sell? What are your total profits? b. Assume you decide to offer a quantity discount: The first 10 cookies can be purchased for $1.50 each, but every cookie above 10 will be offered at a discounted price. What discounted price should you charge to maximize your profits from this deal, and how many additional cookies do you expect to sell? What are your total profits? c. Assume you decide to do a three-point pricing schedule. What three points should you choose to maximize your profits, and at what quantities will these price points change? What will be your total profit using this pricing schedule? 1. You decide to start cookies. You know that the demand for sandwiches is given by P= 2.50.1Q and that MC=AC=$0.50. a. Assume you are operating as a pure monopolist. What price should you charge and how many cookies will you sell? What are your total profits? b. Assume you decide to offer a quantity discount: The first 10 cookies can be purchased for $1.50 each, but every cookie above 10 will be offered at a discounted price. What discounted price should you charge to maximize your profits from this deal, and how many additional cookies do you expect to sell? What are your total profits? c. Assume you decide to do a three-point pricing schedule. What three points should you choose to maximize your profits, and at what quantities will these price points change? What will be your total profit using this pricing schedule