QUESTION 1: General Economics Knowledge You are given that the Total Revenue {TR} and Total Cost (TC) of a firm are: 13:450051.\")? and TC=Q38Q2+5?Q+2 Find the Q that maximizes the profits of the firm. QUESTION 2: Risk Analysis A company is considering manufacturing 2 mutually exclusive products A and 13. Product A is a watch hand specifically designed to fit on watches manufactured by the ITJIL only. Product B is a watch hand that is designed to be adapted to a variety of watches including those produced by competitors. Expected investment is $100,000 for each of the products. Expected cash ows are $20,000 per year for product A. The expected value for B is $23,000 for 8 years also. The coefficient of variation (CV) for A is 1.0 and for B is 1.5. Because of high risk attached to B the risk adjustment to B is k=15% and for product A, k=10%. Which project would you recommend to the company for investment? (ShowALL yo or workings)