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Determine the firm''s break-even points

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Reference no: EM13877214

A competitive firm has the following quadratic total cost function:

TC = 5Q2- 25Q + 300

(a) Determine the firm's break-even points if the market price is P = $80.

(b) Show that the profit maximizing level of output is the average of the two break-even points.

Reference no: EM13877214

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