The demand function for a good is given by the equation P= 50 – 2Q, while total cost is given by TC = 160 + 2Q Write down the equation for the total revenue. Write down the equation for the profit. Find the value of Q when the firm breaks even.
The demand function for a good is given by the equation P= 50 – 2Q, while total cost is given by TC = 160 + 2Q Write down the equation for the total revenue. Write down the equation for the profit. Find the value of Q when the firm breaks even.
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The demand function for a good is given by the equation
P= 50 – 2Q,
while total cost is given by
TC = 160 + 2Q
Write down the equation for the total revenue.
Write down the equation for the profit.
Find the value of Q when the firm breaks even.
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