Total costs and total benefits are given by the equations TC(Y) = 24 + 20Y2 are given by TB(Y) = 600Y − 12Y2 , respectively. What level of Y will yield the maximum net benefits NB(Y)?
9
36
18
None of the options.
72
Total costs and total benefits are given by the equations TC(Y) = 24 + 20Y2 are...
#5 4) Suppose total benefits and total costs are given by B(Y)= 600Y-12Y2 and C(Y) = 20Y2. What level of Y will yield the maximum net benefits? A) 300/64 B) 600/32 C) 300/8 D) 600/64 5) At what level of output does marginal cost equal marginal revenue? Total Revenue Total costs No. units produced 0 100 4 380 C) 3 B) 4 D) 2 A) 1 the interest rate is 3 percent, the present value of $900 received at the...
Suppose total benefits and total costs are given by B(Y) = 600Y − 12Y 2 and C(Y) = 20Y 2. What is the maximum level of total benefits? a. 7,500 b. 1,600 c. 2,812.5 d. None of the statements associated with this question are correct.
Your firm's research department has estimated your total benefits to be TB=300Q-6Q^2 and your Total Cost =4Q^2. What level of Q will yield the maximum benefit?
[Appendix material: calculus required] Suppose total benefits and total costs are given by B(Y) = 150Y − 10Y 2 and C(Y) = 5Y 2. Then marginal costs are: a. 5Y. b. 10Y. c. 2.5Y. d. 25Y.
Consider a competitive firm with total costs given by TC(q) = 100 + 10q + q 2 The firm faces a market price p = 50. (d) Find the profit-maximizing level of output q^*. At this level of output, what are TR, TC, ATC, and π? (e) Graph the ATC, AVC, MC, and MR curves in a single graph, and indicate the profit-maximizing level of output. If there are profits, shade the region corresponding to profit and label it.
Assume that total benefits for a given level of output are given as B(Q) = 100 + 20Q - 2Q2, and that C(Q) = 20 + 10Q. Assume that Q is in thousands units and benefits and costs are in dollars. Write out the net benefit equation: What are the net benefits when Q = 10? Explain result meaning based on the economic theory. Write out the equation for marginal benefits. What is the benefit from selling an additional unit...
Consider a competitive rm with total costs given by TC(q) = 100 + 10q + q^2, The firm faces a market price p = 50. (a) Write expressions for total revenue TR and marginal revenue MR as functions of output q. (b) Write expressions for average total cost ATC, average variable cost AVC, and marginal cost MC as functions of output q. (c) For what value of output is ATC minimized? (d) Find the profit maximizing level of output q...
Q8 (1 point). The table below describes the total costs and marginal benefits of varying quantities of a non-excludable, non-rival good. Should the government provide the good? O Yes. O No. e TC MB to Sam MB to Jill 0 0 ܢܕ 12 12 14 2 24 8 12 3 36 6 10 4 48 4 8 5 60 2 6 09 (1 point). The table below describes the total costs and marginal benefits of varying quantities of a non-excludable,...
This is a multipart question. Assume that total benefits for a given level of output are given as B(Q) = 100 + 20Q - 2Q2, and that C(Q) = 20 + 10Q. Assume that Q is in thousands units and benefits and costs are in dollars. 1. Write out the net benefit equation: 2. What are the net benefits when Q = 10? Explain result meaning based on the economic theory. 3.Write out the equation for marginal benefits. What is...
1.) Both total revenues (TR) and total costs (TC) are likely to be affected by changes in the output. True or False 2.) Profit is the unit contribution margin multiplied by the number of units minus the fixed component of the total costs (TC). True or False 3.) The average selling price is $.60 per unit, the average variable cost is $.36 per unit, and the total fixed costs are $1,500. If operating profits of $900 are desired, what is...