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Suppose the total benefit derived from a given decision, Q, is B(Q)=25Q-Q^2 and the corresponding total cost is

C(Q) = 5 + Q^2, so that MB(Q) = 25 -2Q and MC(Q) = 2Q

What is the total cost when Q=2 and when Q=10
What is the marginal cost when Q=2 and q=10
What level of Q minimizes total cost?
What level of Q maximizes net benefits?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9492233

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