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It takes 8 Mb to make 1 MB, so a 3 Mb speed is about 375 Kb/s download speeds. You are getting a good amount of your max speed.
No, it should resume where you left off. It always does for me.
Restart your PC + your Internet modem. However the issues may be on Steam's end as the servers are under heavy load right now. Just wait a few hours.
Check the following checkbox :
[X] Display download rates in bits per second
That's wrong
3 Mbps = 375 kilobytes per second.
So it's exactly right. You get the maximum speed from your internet provider.
And as others have said you are getting very close to maxed out speeds. Mbps is different from MB/s
I get 50Mbps internet from my provider. so I expect to see around 6+ MB/s from steam. which is what I see. Consistently steam has the fastest download servers of anything I deal with.