Economic

4 You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P= 600 - 2Q and C(Q) = 2,500 + 2Q-, respectively. a. What price-quantity combination maximizes your firm's profits? Instructions: Round your response to the nearest penny (two decimal places). eBook Price: $ 450 Quantity: 75 units Ask b. Calculate the maximum profits. Instructions: Round your response to the nearest penny (two decimal places). $ c. Is demand elastic, inelastic, or unit elastic at the profit-maximizing price-quantity combination? O Unit elastic O Inelastic O Elastic d. What price-quantity combination maximizes revenue? Instructions: Round your response to the nearest penny (two decimal places). Price: $ Quantity- / IunitsElastic d. What price-quantity combination maximizes revenue? Instructions: Round your response to the nearest penny (two decimal places). Price: $[ Quantity:| units e. Calculate the maximum revenues. Instructions: Round your response to the nearest penny (two decimal places). $ f. Is demand elastic, inelastic, or unit elastic at the revenue-maximizing price-quantity combination? O Elastic O Inelastic O Unit elastic