A producer faces a fixed cost of Rs. 50 and a variable cost Rs. 5 per unit of output when he produces less than 200 units of output. Assuming that total cost function is linear, determine the equation of the total cost of function. What is the break-even level of output if the price of output is Rs. 10 per unit. Also draw the relevant graphs. Determine the producer's net revenue if output is 12 units and the price of output is Rs. 5, Rs. 10 and Rs. 15

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