part a, b and c please

astion 2 Note: round your answer to 2 Part c [10 marks] amplete answer decimal places unless ked out of 20.00 otherwise stated. Ignore VR Led plans to sell both the lag question symbols such as $, %, and commas. For example, if your VR Headset and VR Phone. answer is 0.1256, write 0.13 The demand functions and If your answer is negative, leave it as negative. costs of production of the VR VR Ltd's technology is a Headset and VR Phone are the roaring success in the Australian Market. The same as in part a and part b. demand function for VR Ltd's product, "VR Headset", is: However, due to a limited P1 = 1500 - Q1 supply of VR chips, VR Ltd can P, and Q1 represent the price only produce 1200 units in & quantity of VR Headset, respectively total of the VR Headset and Part a [6 marks] VR Phone When Q1 = 180, the elasticity of demand is Q1 + Q2 = 1200 and demand is To maximise the total profit (No answer given) * from both products, VR Ltd The marginal cost of should produce production is $300 per units of headset, and the fixed cost is zero VR Headset and To maximise profit, VR Ltd should produce units of units and charge $ VR Phone. The company . The should charge $ maximum profit is $ for a VR Part b [4 marks] Headset and $ VR Ltd has developed a new product: a VR phone called for a VR "VR Phone". The demand function for the VR Phone Is: Phone. The maximum total P2 = 2400 - 202 profit is $ P2 and Q2 represent the price & quantity of VR Phone, respectively. The VR Phone has a marginal cost of production of $600 per phone. and a fixed cost of zero. . To maximise the profit from the VR Phone, VR Ltd should produce units of VR Phone. The maximum profit from the VR Phone is $