Question: 2. A profit maximizing firm has a demand function X= 2000P x -3 and a cost function C(X)=5+4X. Determine: a. The break even point (quantity,

2. A profit maximizing firm has a demand function X= 2000Px-3 and a cost function C(X)=5+4X.

Determine:

a. The break even point (quantity, price and revenue) of the firm

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