Microeconomics don't understand need help with Awnser

t #2 - F21 Remaining Time: Unlimited Given the following information for a monopoly firm: Demand: P = 78 - 4(Q) Marginal revenue: MR = 78 - 8(Q) Marginal cost: MC = 2(Q) + 10 Average total cost at equilibrium is 20 1. At what output (Q) will this firm maximize profit? Number 2. At what price (P) will this firm maximize profit Number 3. What is the total revenue (TR) earned at this output level Number 4. What is the total cost (TC) accrued at this output Number 5. What profit is earned Number Assume this firm is to be regulated. Answer the following questions: 6. What is the social optimal quantity Number 7. What is the social optimal price Number