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Suppose that the total benefit and total cost from an activity are, respectively, given by the following equations: B(Q)=150+28Q-5Q^2 and C(Q)=100 + 8Q(Note: MB(Q)=28-10Q and MC(Q)=8.

What level of Q maximizes net benefits?
At the value of Q that mazimizes net benefits, what is the value of marginal net benefits?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9690759

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