Question: Suppose the total benefit derived from a given decision,Q, is B(Q) 25QQ2and the corresponding total cost isC(Q) 5 Q2, so thatMB(Q) 25 2QandMC(Q) 2Q. a.

Suppose the total benefit derived from a given decision,Q, is B(Q) 25QQ2and the corresponding total cost isC(Q) 5 Q2, so thatMB(Q) 25 2QandMC(Q) 2Q. a. What is total benefit whenQ 2?Q 10? b. What is marginal benefit whenQ 2?Q 10? c. What level of Q maximizes total benefit? d. What is total cost whenQ 2?Q 10? e. What is marginal cost whenQ 2?Q 10? f. What level of Q minimizes total cost? g. What level of Q maximizes net benefits?

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