Question: Afirms total cost function is given by the equation TC=200+3Q, while the demand function is given by the equation P = 107 2Q. (b) Graph

Afirms total cost function is given by the equation TC=200+3Q, while the demand function
is given by the equation P = 107 2Q.
(b) Graph the total revenue function for 0 < Q < 60. Hence, estimate the output, Q, and total
revenue when total revenue is a maximum.
(c) Plot the total cost function on the diagram in (b). Estimate the break-even point from the
graph. Confirm your answer algebraically.
(d) State the range of values for Q for which the company makes a profit.

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