For this question, the solution that I keep getting is -268P+20023.4My teacher’s solution shows that the answer should be -268P+19976.6Can anyone help me figure out what I’m doing wrong, or is my teacher’s solution wrong?3. (20 points) Suppose a ?rms inverse demand for their product is P = 200 4Q + 6A,where Q is the number of units sold and A is the dollar amount spent on advertising. Further assume that the cost function for this ?rm is C(Q) = 2Q2 + 5Q. Determine thepro?t maximizing level of sales and advertising expenditure. 2r=PQC(Q)A7:2(2004Q+6A"’5)Q2Q25QA 7: = 20¢)Q4Q2 + 6QA0’5 2Q2 5Q A7: =195Q 6Q2 + 6QA"’S A Take derivative with respect to Q and A and set equal to zero. al:l9512Q+6A’5=05Q a 40,5 =3 A 1=0 6A Q Solving for the two equations and two unknowns: Q* = 6.5 and A* =$380.25
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