Firm S is the only producer of a particular types of foam fire retardant and insulation used in the contraction of commercial buildings. the inverse demand equation for the product is P= 1500-.1Q
1.Where Q is the annual sales quantity in tons and P is the price per ton. The firms total cost function (in dollars) is C= 1400000+ 300Q+.05Q^2 A) TO maximize profit
2.How much foam insulation should firm S plan to produce and sell? what price should it charge? Compute the firms total profit.