l. Amalgamated Popcorn, Inc. sells bags of avored gourmet popcorn in a popular mall. As shop owner and operator, you have observed that weekly popcorn sales are well-described by the demand equation: Q = 1,200 - Bil-DP + 2.0A, where A denotes advertising weekly spending (in dollars]. You are currently charging $1.50 per bag of popcorn (for which the marginal cost is $.7'5} and spending $500 per week on advertising. a) Compute the store's price elasticity and advertising elasticity. h} Check whether your current $1.50 price is prot maximizing. if not, determine the store's optimal quantity and price. c) Should the store consider increasing its advertising spending? Why or why not