Could use some help working through the below hw problemSuppose that the total benefit and total cos
Could use some help working through the below hw problemSuppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 + 36Q – 4Q2 and C(Q) = 80 + 12Q. Note that MB(Q) = 36-8Q and MC(Q) = 12.a. Write out the equation for net benefits.b. What are the net benefits when Q = 1? Q = 5?c. Write out the equation for marginal net benefits.d. What are the marginal net benefits when Q = 1? Q = 5?e. What level of Q maximizes net benefits?f. At the value of Q that maximizes net benefits, what is the value of marginal net benefits?
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