If variable costs are 3, fixed costs are 9 and the demand function is P=81-4Q Obtain...

 

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If variable costs are 3, fixed costs are 9 and the demand function is P=81-4Q Obtain an expression for t in terms of Q. What values of Q does the firm breakeven? If variable costs are 3, fixed costs are 9 and the demand function is P=81-4Q Obtain an expression for t in terms of Q. What values of Q does the firm breakeven?

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To obtain an expression for total cost T in terms of quantity produced Q we can use the f... View the full answer