Given,

Q1= (4258/15) - (P1/15)

Q2= (9360/32) - (P2/32)

TC = 859 + 12Q1+ 53Q2

Form the profit equation, and solve for the critical values.

(i) What is the critical value of Q1?

(ii) What is the critical value of Q2?

(ii) What is the value of |H2|?

(iii) What is the value of maximum profit?

iv) Based on the value of |H2|, comment whether profit() is maximised or minimised.