is a continuation of question 2 from HW 5. You are the sole publisher of "Managerial really does make Economics Made Easy", a wonderful textbook that has a high demand because it economics easy. Because you own the demand for your textbook to be 0-600-2P, where Q is in thousands. Your cost function is TC = 5000 + 24Q + 25Q2 in Fw 5 you calculated profit maximizing output and price, and profits for a monopoly that does not price discriminate. (P-S208, Q-184 and You have two separate markets for your textbook, call them 1 and 2. You have estimated the two market demands as: Market 1: Q 270-1.5P Market 2: 330-.5P2 Use this information to find profit maximizing prices and output, and profits. a. Output- b. Market 1 Price $ c. Profits S d. The elasticity of demand is Market 2 Price $ in market 1 and in market 2. As (higher, lower) in the market with the most elastic expected the price is demand