You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P= 600 - 2Q and C(Q) = 1,500 + 3Q4, respectively. a. What price-quantity combination maximizes your firm's profits? Instructions: Round your response to the nearest penny (two decimal places). Price: $ Quantity: J units b. Calculate the maximum profits. Instructions: Round your response to the nearest penny (two decimal places). c. Is demand elastic, Inelastic, or unit elastic at the profit-maximizing price-quantity combination? O Elastic O Unit elastic O Inelastic d. What price-quantity combination maximizes revenue? Instructions: Round your response to the nearest penny (two decimal places). Price: $ Quantity: units e. Calculate the maximum revenues. Instructions: Round your response to the nearest penny (two decimal places). S f. Is demand elastic, Inelastic, or unit elastic at the revenue-maximizing price-quantity combination? O Unit elastic Elastic O Inelastic