A consultancy firm, focusing on capacity building in Research Methodology has a demand function Q = 10 – 0.1P where cost per unit function as 400 Q -8+ Where Q is the number of capacity building hours...

Extracted text: A consultancy firm, focusing on capacity building in Research Methodology has a demand function Q = 10 – 0.1P where cost per unit function as 400 Q -8+ Where Q is the number of capacity building hours and P is the price per hour. a) Determine the number of capacity building hours which maximizes the company's profit. b) How much should the rm charge for the capacity building? c) Find the total profit at the profit maximizing level of consultancy. d) Using the own price elasticity of demand. e) Comment on the firm's pricing policy options.