Question: Consider the following demand function: Q = 160 4P, {P|5 P 15} (i) Sketch the demand function (ii) Find the revenue function. (iii) Suppose C

Consider the following demand function:

Q = 160 4P, {P|5 P 15}

(i) Sketch the demand function (ii) Find the revenue function. (iii) Suppose C = 20 + 6Q , find the profit function (iv) Calculate the profit if Q=10 (v) Find the break-even level of output

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