Problem 3: Acme is a monopolist for a good with inverse demand P = 4-000 6Q, where P is the price in dollars and Q is the amount sold. Acme's variable costs are TVC(Q) = 4-02. With these functions, the marginal revenue is MR(Q) = 4000 12Q and marginal cost is MC(Q) = SQ. a) IfAcme has no fixed costs, what is its profit maximizing price? b) If Acme has nonsunk fixed costs of $800,000, is it worth operating or should they shut down