You are the manager of a monopoly, and your demand and costfunctions are given by P = 200 - 2Q and C(Q) = 2000 + 3Qsquared,respectively.

You are the manager of a monopoly, and your demand and costfunctions are given by P = 200 - 2Q and C(Q) = 2000 + 3Qsquared,respectively.

a. What price-quantity combination maximizes your firm'sprofits?

b. Calculate the maximum profits.

c. Is demand elastic, inelastic, or unit elastic at theprofit-maximizing price-quantity combination?

d. What price-quantity combination maximizes revenue?

e. Calculate the maximum revenues.

f. Is demand elastic, inelastic, or unit elastic at therevenue-maximizing price-quantity combination?