It has been shown that the Marginal Cost (MC) function of a firm is (90-20)Kshs. thousands, where Q is thenumber of units of output per annum. The fixed costs are Kshs.900,000 per annum. It has alsobeen shown that the Marginal Revenue (MR)which is the gradient of the total revenue is (110-2Q)Kshs. thousands.
Required
i. Establish the total cost function
ii. Establish the total revenue function
iii.Establish the break even output for the company

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