Question: Consider the following price-demand function: P = 50-20, (Q10 Q10) (i) Sketch the price-demand function (ii) Find the revenue function. (iii) Suppose C =

Consider the following price-demand function: P = 50-20, (Q10 Q10) (i) Sketch

Consider the following price-demand function: P = 50-20, (Q10 Q10) (i) Sketch the price-demand function (ii) Find the revenue function. (iii) Suppose C = 10+ 4Q, find the profit function (iv) Calculate the profit if Q = 6 (v) Find the break-even level of output

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