(Answered) Suppose the total benefit derived from a continuous

Economics

Suppose the total benefit derived from a continuous decision, Q, is B(Q) = 20Q - 2Q² and corresponding total cost is C(Q) = 4 + 2Q² so that MB(Q) = 20 - 4Q 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 level of Q minimizes total cost?

f. What level of Q maximizes net benefits?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92647811
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Questionuse the data in the table which lists drive-thru

Question: Use the data in the table, which lists? drive-thru order accuracy at popular fast food chains. Assume that orders are randomly selected from those included in the table. Restaurant A- Order accurate - 331 Orde ...

Sally purchases hardwood lumber for a custom

Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...

A 600 investment has the following payoff frequency a

A $600 investment has the following payoff frequency: a quarter of the time it will be $0; three quarters of the time it will pay off $1000. Its standard deviation and value at risk respectively are(show work).

A group of college english professors judges the adequacy

A group of college English professors judges the adequacy of coverage of a newly developed test of students' knowledge of grammar and syntax. The professor conclude that the coverage is "excellent". Which one is a right ...

A group of individuals each face a 1 probability of

A group of individuals each face a 1% probability of suffering a loss of $10,000, a 4% probability of suffering a $1,000 loss, a 20% probability of suffering a $500 loss, and a 75% probability of no loss. What is the act ...

Suppose the production function for a firm is given by q4l

Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).

A sample of 20 has a mean of 100 and we can use a standard

A sample of 20 has a mean of 100 and we can use a standard deviation of 10. If we test this at an alpha of 0.05? What would be your conclusion and interpretation? How did you arrive at your conclusion?

In 2018 aman gave his church 50000 in cash he also gave his

In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000). Aman's AGI is $200,000. What is Aman's charitable deduction for 2018?

Sals market receives a box of jen amp barrys fast fresh

Sal's Market receives a box of Jen & Barry's Fast Fresh Salad BagsTM. Each box contains 16 Caesar salad bags, 20 tossed salad bags, and 12 shredded cabbage bags. Suppose that each type salad bag has an equal chance of be ...

Explain the key differences between the virtual value chain

Explain the key differences between the virtual value chain and a physical value chain. How can firms exploit the virtual value chain to gain a competitive advantage

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert