You are the manager of a monopolistically competitive firm, and your demand and cost functions are estimated as Q +36- 4P and C(Q)= 4 + 4Q=Q2

A. find the inverse demand function for your firm's product

P=____-_____Q

B. Determine the profit maximizing price and level of production

Instruction: Price should be rounded to the nearest penny (two decimal places).

Price $_____

Quantity:____

C. Calculate your firm's maximum profits

Instruction: your response should appear to the nearest penny (two decimal places).

$______