Question
The equations for hand soap and laundry soap is as follows: (i) TC = 12+2Q (ii) TC = 0.3Q 3 - 15Q 2 + 25Q
The equations for hand soap and laundry soap is as follows:
(i) TC = 12+2Q
(ii) TC = 0.3Q3- 15Q2 + 25Q
If the demand function for both firms is: P = 115 - 2Q.
(a) Plot the breaking even points, total revenue and total cost.
(b) What is the range of values of Q (output) for which the firm makes a profit.
(c) what comments can be made about the profitability of both firms
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World Economic And Social Survey 2012 In Search Of New Development Finance
Authors: United Nations Department Of Economic And Social Affairs
1st Edition
9210555112, 9789210555111
