Suppose the total benefit derived from a given decision, Q, is B(Q) = 20Q – 2Q2 and the corresponding total cost is C(Q) = 4 + 2Q2, so that MB(Q) = 20 – 4Q and MC(Q) = 4Q I am trying to figure out what level of Q maximizes net benefit
Suppose the total benefit derived from a given decision, Q, is B(Q) = 20Q – 2Q2 and the
corresponding total cost is C(Q) = 4 + 2Q2, so that MB(Q) = 20 – 4Q and MC(Q) = 4Q
I am trying to figure out what level of Q maximizes net benefit
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