Sunflower Inc. is a major supplier of reverse osmosis and ultra filtration equipment, which helps industrial and commercial customers achieve improved production processes and a cleaner work environment. The company has recently introduced a new line of ceramic. Filters that enjoy patient protection. Relevant cost and revenue relations for this product are as follows:
P = 300 -0.001Q
TC= 900,000 + 20Q + 0.004Q2
Where P is Price Q is output, and TC is total cost
A. Compute Sunflower's optimal price/ output combination.
B. Compute firm's TR, TC, and profit using the price and quantity you calculated in part A.