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Music company charges a fixed price of $48 for each CD pack sold. It is assumed that there is no fixed cost. The total cost
Music company charges a fixed price of $48 for each CD pack sold. It is assumed that there is no fixed cost. The total cost (TC) function of the company is given as follows:
TC = 44Q - 6Q2 + 4Q3
Write the equation for total revenue. Find the break-even level of output.
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