Nyameye Company Limited is a new business established to produce blocks (in units). The demand function for blocks is given as 4Q = 35 -0.5P. It has been estimated that the total fixed cost is GH¢80 and average variable cost function is 3Q -51 + 320, where Q is number of blocks produced and P is the price per block (in GHe). Given this information, what is the total profit at the profit maximizing level of output, and what is the best pricing policy option?

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