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1. The Mallaig Fish and Chips shop sells almsolutelyyr irresistible fried haddock and chips. Its cost of production is equal to 1130;) = 29': ,

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1. The Mallaig Fish and Chips shop sells almsolutelyyr irresistible fried haddock and chips. Its cost of production is equal to 1130;) = 29': , while the inverse demand for its sh and chips is given by p(g)=1003q. a} Derive Mallaig Fish and Chips' marginal revenue. Explain its components. b) Derive the prot-maximizing quantit}r and price. c} How large is prot when it is maximized

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