Question
Your firm's research department has estimated your total revenues to be R(Q) = 3,000 - 8Q^2and your total costs to be C(Q) = 100 +
Your firm's research department has estimated your total revenues to be R(Q) = 3,000 - 8Q^2and your total costs to be C(Q) = 100 + 2Q^2.
a. What level ofQmaximizes net benefits?
b. What is marginal benefit at this level ofQ?
c. What is marginal cost at this level ofQ?
d. What is the maximum level of net benefits?
e. What is another word fornetbenefitsin this example?
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
