6. (10 points) Monopoly pricing and output decision (1) Suppose the consulting firm estimates a demand curve for a pant to be Log Q = 041 . 23 Log Y - 3 Log P where ( is quantity, P is price, and Y is a measure on national income, If the marginal cost of producing a pant is 9. what will be its optimal monopoly price? (2) Suppose a monopolist sweater company has the demand function: P = 62 - 30. The variable cost per unit is 2 and the fixed cost is 10. What is its profit maximizing quantity