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The demand function for a good is given by equation P=2400-8Q were P is the price per unit and Q is the number of units sold. A total cost function TC is given by the equation TC=80-120Q+5Q2
a. Write the equation for total revenue (TR)
b. show values of Q when TR is zero
c. Draw TR function over the range of -2<Q<350. show the answer to part b on the graph.
d. Find the value of Q for which TC is zero, algebraically.
e. Draw TC on the same graph as in part c above and write the answer in part d on the graph.
f. Algebraically find the value of Q for which profit is zero (break-even point).
g. Draw a separate graph Show break-even point(s) on the graph.
h. show the range of values of Q for which the company makes profit.
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