User Account

All Pages

Write out the equation for net benefits

Assignment Help Business Economics
Reference no: EM131819481

Suppose 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?

Reference no: EM131819481

Questions Cloud

Importance of future taxable income : Briefly explain to Kleckner management the importance of future taxable income as it relates ti valuation allowance for deferred tax assets
Define the is curve and the lm curve : (a) Define the IS curve and the LM curve. In a diagram, illustrate the equilibrium implied by the IS - LM model.
Compute the annual net cost savings : Compute the annual net cost savings promised by the new etching machine. (Omit the "$" sign in your response.)
What amount of Bad Debts Expense would Forget-me-not report : What amount of Bad Debts Expense would Forget-me-not report on its September income statement under each of the two methods?
Write out the equation for net benefits : Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations:
Net income for the year for estimated sales levels : Provide a series of flexible budgets giving Sales, Variable Costs, Fixed Costs and Net Income for the year for estimated sales levels
What is the total amount of the credit that chris may claim : Chris spends $800,000 to build a qualified low-income. What is the total amount of the credit that Chris may claim as a result of the $800,000 expenditure?
Center of the world economy in the near future : Do you think East Asia will emerge as the center of the world economy in the near future? Discuss how Japan managed to be one of the most economically
Often interfere with making rational investment decisions : Do you believe that investor "emotions" often interfere with making rational investment decisions?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd