Question: be P = 6 0 0 - 3 Q , where P denotes price in dollars and Q denotes total unit sales. The firm's cost

be P=600-3Q, where P denotes price in dollars and Q denotes total unit sales. The firm's cost equation is TC=3,200+50Q+2Q2.
a. Derive the equations for marginal revenue and marginal cost.
2 points
b. Determine the dollar values for Marginal Revenue (MR), and Marginal Cost (MC) if the firm is currently producing at an output level (Q) of 75 units.
2 points
c. Provide a recommendation to this firm if they should increase, decrease, or keep the quantity at Q=75 to maximize its profit (you must motivate your answer)?
1 point
d. How should this firm change (increase, decrease, or keep the same) its profit maximizing quantity compared to your finding in part c if the firm's fixed cost changes from 3,200 to 3,800 so TC=3,800+50Q+2Q2(you must motivate your answer)?
1 point
e. How should this firm change (increase, decrease, or keep the ) its profit maximizing quantity compared to your finding in part c if the firm's variable cost changes so TC=3,200
be P = 6 0 0 - 3 Q , where P denotes price in

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