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A firm has the following Total Revenue function TR = 18Q and a Total Cost function TC =2Q3 - 12Q2 +28Q+5 (a) What is the

A firm has the following Total Revenue function TR = 18Q and a Total Cost function TC =2Q3 - 12Q2 +28Q+5 (a) What is the firms AR and MR? (b) Write out and simplify the profit function (c) Solve for the profit maximizing quantity. Check 2nd order conditions to verify you have a maxi- mum. (d) CAREFULLY graph TR,TC and Profit in the same graph

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