Your firms research department has estimated your total, Ask an Expert

Economics

Your firm's research department has estimated your total revenues to be 3000-8Q and your total costs to be 100+2Q . (Note that MB= 3000-16Q and MC=4Q.

a. What level of Q maximizes net benefits?
b. What is marginal benefit at this level of Q?
c. What is marginal cost at this level of Q?
d. What is the maximum level of net benefits?
e. What is another word for net benefits in this ex?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M969027

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Discussion customs brokerswhy should individuals and firms

Discussion: Customs Brokers Why should individuals and firms use customs brokers when importing and exporting? What are the benefits? Your post must be at least 300 words, formatted and cited in proper APA style with sup ...

Question in the late 1990s dr chris sarra became the first

Question: In the late 1990s, Dr Chris Sarra became the first Aboriginal principal of Cherbourg State School where he made significant changes to the way that Indigenous students experienced education. Dr Sarra challenged ...

Question 1 a due to a technological boom and rapid

Question: 1 (a) Due to a technological boom and rapid expansion of the economy, the Federal Reserve Bank is pursuing a contractionary monetary policy. Using a graphical analysis, show the effects of this policy on the eq ...

Question explain why a perfectly competitive firm generally

Question: Explain why a perfectly competitive firm generally does not maximize its profit by producing the output at which average cost is minimized. The response must be typed, single spaced, must be in times new roman ...

Question the export-import bank helps boeing by providing

Question: The Export-Import Bank helps Boeing by providing various subsides on aircraft sold to foreign countries. Boeing says it needs this help to offset subsidies given to Airbus Industrie by European governments, and ...

Question 1 discuss what is meant by the term risk

Question: 1) Discuss what is meant by the term risk assessment and describe the steps that constitute risk assessment. In your answer, please also discuss human exposure assessment and how it is similar and different fro ...

Question suppose in singapore the velocity of money is

Question: Suppose in Singapore the velocity of money is constant, real GDP grows by 7% per year, the stock on money grows by 10% per year, and the nominal interest rate is 8%. (a) According to the quantity theory, what m ...

Question the market process the forces that bring us closer

Question: The market process (the forces that bring us closer to equilibrium) is said to solve the knowledge problem. What is the knowledge problem? What aspects of markets help to mitigate the knowledge problem? Provide ...

Question in mid-2002 real growth fell from 5 in the first

Question: In mid-2002, real growth fell from 5% in the first quarter to 1% in the second quarter, and the unemployment rate continued to rise. The stock market was down over 20%. Inflation was stable at about 2%. Many pe ...

Question assume a firm has an inaccurate or inadequate

Question: Assume a firm has an inaccurate or inadequate performance measurement system. What types of decision errors might this cause the firm to make? Be specific, using personal workplace examples if you have any. The ...

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 Microeconomics Expert