Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76 +
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Question:
Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76 + 24Q – 2Q2 and C(Q) = 60 + 6Q. What level of Q maximize net benefits? At the value of Q that maximize net benefits, what is the value of marginal net benefits?
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
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