Assume you are the manager of a firm that holds a patent that makes it the exclusive manufacturer of a unique disk drive. Based on the estimates provided by a consultant, you know that the relevant demand and cost functions for this drive are Q = 240 - 4P; C = 20 + Q . What are the levels of quantity and price when you are maximizing profits?

a) Solve for quantity:

b) Solve for price:

c) Continue from the previous question where you are a manager of a firm that holds a patent that makes it the exclusive manufacturer of a unique SD card with demand and cost functions for this SD card that are Q = 240 - 4P; C = 20 + Q . Now assume that the firm incurs a one-time cost of $8 for a zoning violation. What is the price that the manager should now charge to maximize profits?