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3. Misty Cruises sells cruises around Europe. Its cost for doing so is equal to TC(q) =5q-+3000, while its demand for cruises given by q(

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3. Misty Cruises sells cruises around Europe. Its cost for doing so is equal to TC(q) =5q-+3000, while its demand for cruises given by q( p) = 200-0.2p. a) Derive Misty Cruises' inverse demand. b) Derive Misty Cruises' marginal revenue. Explain its components. c) Derive the profit-maximizing quantity and price

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