Question: 9 . Suppose the total benefit derived from a continuous decision, Q , is B ( Q ) = 2 0 Q 2 Q 2

9. Suppose the total benefit derived from a continuous decision, Q, is B(Q)=20Q 2Q2 and the corresponding total cost is C(Q)=4+2Q2, so that MB(Q)=204Q and MC(Q)=4Q. a. What is total benefit when Q =2? Q =10? b. What is marginal benefit when Q =2? Q =10? c. What level of Q maximizes total benefit? d. What is total cost when Q =2? Q =10? e. What is marginal cost when Q =2? Q =10? f. What level of Q minimizes total cost? g. What level of Q ma9. Suppose the total benefit derived from a continuous decision, Q, is B(Q)=20Q 2Q2 and the corresponding total cost is C(Q)=4+2Q2, so that MB(Q)=204Q and MC(Q)=4Q. a. What is total benefit when Q =2? Q =10? b. What is marginal benefit when Q =2? Q =10? c. What level of Q maximizes total benefit? d. What is total cost when Q =2? Q =10? e. What is marginal cost when Q =2? Q =10? f. What level of Q minimizes total cost? g. What level of Q maximizes net benefits?ximizes net benefits?

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