1. **Problem Statement:**
a) Find the market equilibrium price and quantity given demand equation $p - 3q = 22$ and supply equation $q^2 + 2p + 4q = 100$. Then find total revenue, equilibrium quantity, and price.
b) Given marginal revenue function $MR = 25 - 3Q^2$, derive the total revenue function.
2. **Formulas and Rules:**
- Market equilibrium occurs where demand equals supply.
- Total revenue $TR = p \times q$.
- Marginal revenue $MR = \frac{d(TR)}{dQ}$.
3. **Solution for (a):**
From demand: $p = 3q + 22$.
Substitute into supply: $q^2 + 2(3q + 22) + 4q = 100$.
4. Simplify supply equation:
$$q^2 + 6q + 44 + 4q = 100$$
$$q^2 + 10q + 44 = 100$$
5. Rearrange:
$$q^2 + 10q + 44 - 100 = 0$$
$$q^2 + 10q - 56 = 0$$
6. Solve quadratic:
$$q = \frac{-10 \pm \sqrt{10^2 - 4 \times 1 \times (-56)}}{2} = \frac{-10 \pm \sqrt{100 + 224}}{2} = \frac{-10 \pm \sqrt{324}}{2}$$
$$q = \frac{-10 \pm 18}{2}$$
7. Possible $q$ values:
$$q_1 = \frac{-10 + 18}{2} = 4, \quad q_2 = \frac{-10 - 18}{2} = -14$$
Quantity cannot be negative, so $q = 4$.
8. Find equilibrium price:
$$p = 3(4) + 22 = 12 + 22 = 34$$
9. Calculate total revenue:
$$TR = p \times q = 34 \times 4 = 136$$
10. **Solution for (b):**
Given $MR = 25 - 3Q^2$, recall $MR = \frac{d(TR)}{dQ}$.
11. Integrate $MR$ to find $TR$:
$$TR = \int (25 - 3Q^2) dQ = 25Q - Q^3 + C$$
12. Usually, $TR = 0$ when $Q = 0$, so $C = 0$.
13. Final total revenue function:
$$TR = 25Q - Q^3$$
**Answer:**
- Equilibrium quantity $q = 4$.
- Equilibrium price $p = 34$.
- Total revenue at equilibrium $TR = 136$.
- Total revenue function $TR = 25Q - Q^3$.
Market Equilibrium D6Aa62
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