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5. Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76 + 24Q – 2Q² and C(Q) = 60 + 6Q. What level of Q maximize net benefits? At the value of Q that maximize net benefits, what is the value of marginal net benefits?

5. Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76 + 24Q – 2Q² and C(Q) = 60 + 6Q. What level of Q maximize net benefits? At the value of Q that maximize net benefits, what is the value of marginal net benefits?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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5. Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76+ 24Q – 2Q² and C(Q) = 60 + 6Q. What level of Q maximize net benefits? At the value of Q that maximize net benefits, what is the value of marginal net benefits?
Transcribed Image Text:5. Suppose that the total benefit and total cost from a continuous activity are B(Q) = 76+ 24Q – 2Q² and C(Q) = 60 + 6Q. What level of Q maximize net benefits? At the value of Q that maximize net benefits, what is the value of marginal net benefits?
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