A company that sells beef to consumers and producers of beef jerky. The firm's demand function D and marginal revenue function in market 1 (consumer market) and market 2 (factory market) are: Q1=40- P1 and MR1 = 40 - 20Q1 Q2= 50 - 2P2 and MR2= 25-Q2 . The total cost function of the company is: TC = 100 + 8Q a. Draw the figure to show: The firm's demand curve D, MR, MC. b. Output maximizes profit. How will the firm distribute output across markets to maximize profits with third-degree pseudo-discrimination?

Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the…

A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

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A: Total revenue (TR) function can be obtained by using the following formula.

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