Suppose the total benefit & total cost from a continuous activity are given by the two...

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Suppose the total benefit & total cost from a continuous activity are given by the two...

Suppose the total benefit & total cost from a continuous activity are given by the two equations

1) B(X) = 100 + 36X - 4X^2

And

2) C(X) = 80 + 12X

A) What are the net benefits when X =1? x=5?

B) What are the marginal net benefits when X= 1? X=5?

C) What level of X maximizes net benefit?

D) At the value of X that maxes net benefits, what is the value of marginal net benefits? What is the relation between marginal benefit and marginal cost at this level?

*Please show all work / calculations *

business economics

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Answer 1

Answer #1

Date NB NB When-X-4 Marginal Net-Bendit.(MNs) ) d(e) maxim

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Answer 2

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