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7. The demand function for a good is given by the equation P=50-2Q, while total cost is given by TC= 160+2Q a. Write down
7. The demand function for a good is given by the equation P=50-2Q, while total cost is given by TC= 160+2Q a. Write down the equation for the total revenue. b. Write down the equation for the profit. c. Find the value of Q when the firm breaks even.
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Advanced Accounting
Authors: Debra Jeter, Paul Chaney
6th edition
978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364
