You are the manager of a monopoly, and your analysts have estimated your demand and costfunctions as P: 500 - 20 and (5(9) = 2,000 + 202, respectively. a. What pricequantity combination maximizes your rm's prots? Instructions: Round your response to the nearest penny {tv-ro decimal places). Price: 53 Quantity: unit; I]. Calculate the maximum prots. Instructions: Round your response to the nearest penny rtv-ro decimal places}. $ :| c. Is demand elastic, inelastic, or unit elastic at the prot-maximizing pricequantity combination? 0 Unit elastic O Inelastic 0 Elastic d. What pricequantity combination maximizes revenue? Instructions: Round your response to the nearest penny ftv-ro decimal places}. Price: $ Gua ntlty: units e. Calculate the maximum revenues. Instructions: Round your response to the nearest penny {tv-ro decimal places). $ :| f. Is demand elastic, Inelastic, or unit elastic at the revenuemaximizing pricequantity combination? 0 Unit elastic O Inelastic tr) Flnctlr