The demand for a product sold by a monopolist is described by the following equation Q = 125 - P where Q is the quantity and P is the price per unit. The total cost function of the monopolist is TC = 10 + 5Q + 2Q ².

1. Assume satisficing behaviour where the managers of the firm must satisfy the constraint that profits equal 20% of the Revenue, ₀=0.2xTR. Identify the quantity, price and profit which correspond to the latter constraint