A firm faces the following linear inverse demand for its product P = 60 – 2Q. a)Find the firm’s total revenue function TR (Q).b)Find the expression for the firm’s marginal revenue.c)Assumingthat the marginal cost of production is given by MC=8. What will be the equilibrium output and price

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A firm faces the following linear inverse demand for its product P =
60 – 2Q. a)Find the firm’s total revenue function TR (Q).b)Find the
expression for the firm’s marginal revenue. c). Assuming that the marginal
cost of production is given by MC=8. What will be the equilibrium
output and price

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