(Solved) : Manager Tenaga Nasional Berhad Order Clear Picture Firm Operates Total Demand Consumer Per Q32707507 . . . .

You are the manager of Tenaga NasionalBerhad. In order to have a clear picture on how the firm operatesand what is the total demand by the consumer, you have performed astudy by collecting some data from the market and estimated thefollowing demand and cost functions:

Demandfunction              :            P = 225 – 2Q

Cost function                    :            C(Q) = 1100 + 3Q2

1. Determine the price-quantity combination that maximises yourfirm’s profits.   

2. Calculate the maximum profits forthe firm.                                                              

3. Calculate the price-quantitycombination that maximises your firm’srevenue.          

4. Calculate the maximum revenues forthefirm.                                                              

5. Determine the quantity whichminimise the average cost (AC) and