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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
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. Find the value of Q when the firm breaks even.
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
