File resolution is set in Camera Raw or Lightroom. In ACR there's a link to that panel at the bottom of you frame.

Click that text and it opens up the panel for the image processing prefs. Set those to the size and resolution you want for your final file.
Then you have an image that is at least the proper size before saving as a jpeg.
When saving as a jpeg, remember this is a compressed format, and if you expect to edit the jpeg image you will get compression artifacts, so that is not ideal for high image quality reasons.
Saving as a jpeg you are given options, and those will determine the final file size as well.

Using Maximum Quality produces the least ammount of compression and the largest files, and moving the slider to the left will reduce file sized but increase compression artifacts.