Cost Analysis : key informaiton
For the cost function C(Q) = 2000 + 15Q + 5Q2 + 4Q3, what is the marginal cost of producing the fifth unit of output?
A) $2,000.
B) $256.
C) $340.
D) $365.
Suppose total benefits and total costs are given by B(Y) = 50Y - 4Y2 and C(Y) = 6Y2. What level of Y will yield the maximum net benefits?
A) 2.5
B) 5.0
C) 50/18
D) 50/8