A firm has the following benefits and costs equations: B(Q) = 450Q - 26Q² and C(Q) = 126 + 18Q² Q that maximizes NB? The maximum net benefit is (profits)? Q that max TB? The profits that max TB? The results above indicate that: A. Profits are maximized at Q that max TB B. Profits at max TB > profits at max NB C. Profits at max TB < profits at max NB D. None of these statements is correct.

A firm has the following benefits and costs equations: B(Q) = 450Q - 26Q² and C(Q) = 126 + 18Q² Q that maximizes NB? The maximum net benefit is (profits)? Q that max TB? The profits that max TB? The results above indicate that: A. Profits are maximized at Q that max TB B. Profits at max TB > profits at max NB C. Profits at max TB < profits at max NB D. None of these statements is correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A firm has the following benefits and costs equations: B(Q) = 450Q - 26Q² and C(Q) = 126 + 18Q²

Q that maximizes NB?

The maximum net benefit is (profits)?

Q that max TB?

The profits that max TB?

The results above indicate that:

A. Profits are maximized at Q that max TB

B. Profits at max TB > profits at max NB

C. Profits at max TB < profits at max NB

D. None of these statements is correct.

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