Question

3
i.
The demand function for a good is Q = 45 - 3P. Fixed cost is Rs. 60 and the
variable cost for each additional unit of good is Rs. 5.
Express the total cost function and the total revenue function in terms
of Q
ii. Find the break even point.
iii. Graph the total revenue and total cost function on the same diagram.​

Answer 1

Answer:

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