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Am I right here by stating the answer is 10? Suppose total benefits and total costs are given by B(Y) = 600Y and C(Y) =
Am I right here by stating the answer is 10?
Suppose total benefits and total costs are given by B(Y) = 600Y and C(Y) = 30Y2. Therefore, marginal benefit and marginal cost are given by MB(Y) = 600 and MC(Y) = 60Y. What level of Y, the manager's control variable, will yield the maximum net benefits based on this information?
20 | |
40 | |
x | 10 |
120 |
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