Suppose the total benefit derived from a continuous decisions, Q, is B(Q)=20Q-2Q^2 and the total cost...

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Suppose the total benefit derived from a continuous decisions, Q, is B(Q)=20Q-2Q^2 and the total cost...

Suppose the total benefit derived from a continuous decisions, Q, is B(Q)=20Q-2Q^2 and the total cost from deciding Q is C(Q)=4+2Q^2. The marginal benefit (MB) and marginal cost (MC) is the first order derivative of these functions. MB(Q)=20-4Q and MC(Q)=4+4Q.

What level of Q minimizes total cost?

business economics

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Answer 1

Answer #1

total cst Purt NczO 4024 inceotbt Cand be mnim o ht him cnll hse inimu

In the answer there is one minor tpying mistake.

Instead of "output can't be minimum"

It would be "output can't be negative".

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Answer 2

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