Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: BLQ) = 100 + 360 - 402 and Cla) -80 + 120 (Note: MB) - 36 - 8Q and Ma) - 12.) Instructions: Use a negative sign (-) where appropriate a. Write out the equation for the net benefits MQ - Q+1 b. What are the net benefits when 0-1? Q -5? Net benefits when Q=1: Net benefits when Q5: c. Write out the equation for the marginal net benefits. MNBQ d. What are the marginal net benefits when 0-1?Q=5? Marginal net benefits when Q=1: Marginal net benefits when = 5: e. What level of maximizes net benefits? Instructions: Use a negative sign (-) where appropriate. a. Write out the equation for the net benefits. MQ) = Q+ b. What are the net benefits when Q=1? Q=5? Net benefits when Q = 1: Net benefits when Q=5: c. Write out the equation for the marginal net benefits. MNBQ) - d. What are the marginal net benefits when Q = 1? Q = 5? Marginal net benefits when Q=1: Marginal net benefits when Q = 5: e. What level of Q maximizes net benefits? f. At the value of that maximizes net benefits, what is the value of marginal net benefits