If the marginal cost of production is constant at $3 and the marginal revenue can be expressed as MR: the profit-maximizing quantity of output? = 150 50, what is Q = 30 Q = 135 Q = 29 O2=150

A manufacturer knows that:  His TR is given by Revenue = 23Q – Q2                                                                                               His total cost of production is; Cost = 36 + 2Q + 0.1Q2 Where Q is the weekly production in thousands a) Economists define MR as the rate of change of Total revenue. Derive an expression for Marginal Revenue (MR)   b) How do you think Economists’ would define ‘Marginal Cost’? Derive an expression for marginal Cost (MC)                       c)  What output will make marginal Revenue equal Marginal cost?

. An  electricity  producer  has  a  constant  marginal  cost  of  production equal  to $40  per  megawatt.   The  residual  demand  for  its  electricity  is  given  by P (q) = a−bq, where P is the price and q is the quantity of power generated by this producer.  The producer knows the slope, b, but he vertical intercept of the residual demand curve, a is unknown.  Assume A and B are greater than zero.  If you get stuck,  you may answer any of the following questions for special case where a = 80 And b = 0.5 for partial credit.   (a)  What is the marginal revenue, M R(q), for this producer?   b) What is the optimal q for this producer?   (c)  What is the electricity producer’s optimal price?   (d) What is the electricity producer’s optimal bid in a uniform price Auction?   e) Suppose b is equal to zero. Would the producer have an incentive to submit a bid above its marginal cost?  Explain.

Plz answer in 1 hour as soon as possible