Question 2. An imperfectly competitive firm has the following demand curve: Q = 100 - 2P, and the following cost curve TC (Q) = 100+ 4Q, where Q refers to quantity produced and sold by the firm, and P refers to the price charge by the firm. (a) What is total revenue equal to when P = 40? (b) What is marginal revenue equal to when P = 40? (c) What is marginal cost equal to when Q = 10? (d) If the firm wishes to maximize profits, what price should it charge and how many units should it produce?