Inayah has started her new business venture of designing formal clothes. She wants to achieve the primary objectives as a business holder and ask you to be her economic adviser. After studying the production function, you come up with the following function.

Y= 50+2X-6X²

a.Discuss what are the objective(s) of the firm briefly.

b.Find how many units of clothes should Inayah produce to achieve her goal. Also, show the calculations.

c.Find the value of the production function and identify which objective she has optimized if at all. Also, show the calculations.

d.Graph the production function using two-dimensional space.

e.Suppose Inayah's firm engage in a long-term contract for selling her franchises all over Pakistan. Briefly explain what kind of cost she would have to incurand how?02 marks

Note: you can hypothesize the scenario and answer accordingly.