Question: 7. The demand function for a good is given by the equation P=50-2Q, while total cost is given by TC= 160+2Q a. Write down

7. The demand function for a good is given by the equation P=50-2Q, while total cost is given by TC= 160+2Q a. Write down the equation for the total revenue. b. Write down the equation for the profit. c. Find the value of Q when the firm breaks even.

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