Discuss the below:
Q: Qus = 300,000 - 5,000*PusQmx = 240,000 - 8,000 * Pmxdraw a demand, marginal revenue and margincal cost curve for each market. Estimate the profit-maximizing prices and quantities graphically and determine the solutions algebraically. What are the firm's total profits (monthly)? Calculate the price elasticity of demand in each market at the optimal price.