What are profits or losses for the firm

Question

Problem

A firm's total cost and marginal cost functions are:

TC = 10 Q² + 2Q-2;    MC = 20 Q + 2

Assume that the market price is 42 and that the marginal revenue (MR) is also 42 (it is constant at all output levels).

A) The firm is currently producing 1 units of output. What are profits (or losses) for this firm?

B) Are they maximizing profits? Why?

C) If your answer to part B was No, what would be the maximun profits?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.