Please indicate which part of the question you answer and show your work.

You are the manager of a monopoly. Your demand function is the following:

P = 240 - 2Q

Your cost function is:

TC = 2000 + 2Q2

a. What price-quantity combination maximizes your firm's profits?

b. Calculate the maximum profits.

c. Is demand elastic, inelastic or unitary elastic at the profit-maximizing price-quantity combination?

d. What price-quantity combination maximizes revenue?

e. Calculate the maximum revenue.

f. Is demand elastic, inelastic, or unitary elastic at the revenue-maximizing price-quantity combination?