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A firms demand function for a good is given by P = 107-2Q and their total...

A firms demand function for a good is given by P = 107-2Q and their total cost function is given by TC = 200+3Q. (using for 6.1 to 6.4)
6.1 Obtain an expression for total revenue (price X quantity) in terms of Q
6.2 For what values of Q does the firm breakeven?
6.3 Illustrate the answer to (ii) using sketches of the total cost function, the total revenue function and the profit function
6.4 From the graph estimate the maximum profit and the level of output for which profit is maximized
Math   Calculus   
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