Question: For a competitive firm, MC = 2 + 2Q, and P = $20. How much should this firm produce? How much is the producer surplus?

For a competitive firm, MC = 2 + 2Q, and P = $20. How much should this firm produce? How much is the producer surplus? Please show all calculation steps.

b) The demand function is Q = 40 - 10P. Write down the MR function.

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