Suppose you can hire your mechanic for up to six hours. Your benefit and cost functions are:

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Suppose you can hire your mechanic for up to six hours. Your benefit and cost functions are: B(H) = 420H - 40H2 and the cost is: C(H) = 100H + 120H2. What are your marginal benefit and marginal cost when H = 3? What is your best choice?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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