Question: *Question 1 is there for context, I need question #2 solved* 1) You work for a manufacturer that has a TC = 25Q3 250Q2 +

*Question 1 is there for context, I need question #2 solved*

1) You work for a manufacturer that has a TC = 25Q3 250Q2 + 750Q + 1500. Demand for the product (in quantity) is P = 3000 - 400Q. Given there are many manufacturers in this industry that all feel they have a distinctly different, although similar, product, what is the: a) Profit Maximizing Quantity b) What is the market price the manufacturer will set for their product (in quantity). c) What is the TR, TC, Profit. What do these results suggest will occur with competitors, given the results you describe in this analytical portion of the question?

2) Given the competitors enter, and the manufacturer under analysis has a decrease in Demand to 1500 400Q, how does this change the results in 1 a-c. What will be the operational decision of this manufacturer given these results? Why?

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