Mr. Result has provided you with the informationhis former economist had left. He showed you a piece of paper with: Q = 1,000 ? 10P. Oh, he didmentioned that he is able to sell each bottle of juice for $79.99 and keep cost per unit at $40, becausehe knows the ?ins? and ?outs? of business more than some of those ?big business peopHe has asked you the following:a) What these numbers mean and how can they assist his business? [05 MARKS]b) What he needs to do to ?make more profit?? [05 MARK