Suppose you can hire your mechanic for up to six hours. The total benefit and total cost
Question:
Suppose you can hire your mechanic for up to six hours. The total benefit and total cost functions are B(H) = 420H - 40H2 and C(H) = 110H + 120H2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 420 - 80H and MC(H) = 110 + 240H.What is your best choice?
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