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HC Economic Function

Def Economic Functions

QuestionAnswer
Demand function unit price and quantity demanded D(x)
Supply function unit price and quantity supplied S(x)
Market equilibrium quantity demanded = quantity supplied D(x) = S(x)
Cost function production C(x)
Revenue function price X quantity R(x)
Profit function revenue and cost P(x) = R(x) - C(x)
Break-even point revenue = cost R(x) = C(x)
Created by: mbonneau
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