ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
A firm faces a demand function (where q=quantity demanded and p=price):
q = 200 – 2p
and a total cost (TC) function (where q=output):
TC = 1/2 q^2+20q+375
Find break-even point when TR=TC
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