how to solve for TVC

Question 1: Monopoly (24 Marks) You have been hired by First Response Pty Ltd, a major supplier of fire protection equipment to provide them with advice on pricing, production and profit maximisation. The company has recently introduced a new line of fire extinguishers that enjoy patent protection. The company CEO has provided the following limited data to assist with you: TVC = $500,000 + (x)Q + (y)Q2 Table 1: Output and Cost profile for First Response Pty Ltd Demand = P = $300-0.001Q Q Total Fixed Cost Total Variable Cost 0 $8,500,000 $500,000 10,000 $8,500,000 $740,000 20,000 $8,500,000 $1,060,000 30,000 $8,500,000 40,000 $8,500,000 50,000 $8,500,000 60,000 $8,500,000 70,000 $8,500,000 80,000 $8,500,000 90,000 $8,500,000 100,000 $8,500,000 110,000 $8,500,000 120,000 $8,500,000 130,000 $8,500,000 140,000 $8,500,000 150,000 $8,500,000 160,000 $8,500,000 170,000 $8,500,000 180,000 $8,500,000 190,000 $8,500,000