MANAGERIAL/ECON+BUS/STR CONNECT ACCESS
9th Edition
ISBN: 2810022149537
Author: Baye
Publisher: MCG
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Question
Chapter 1, Problem 6CACQ
To determine
(a)
To find:
The level of control variable at which net benefits are maximized.
To determine
(b)
To find:
The relation between marginal benefits and marginal costs at this level of variable.
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Students have asked these similar questions
Describe the definition of cost-benefit analysis.
Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B (Q) = 100 + 36Q -4Q and C (Q) = 80 + 12Q
a)-What are the marginal net benefits when Q= 1? Q= 5?
b)-What level of Q maximizes net benefits?
c)-At the value of Qthat maximizes net benefits,what is the value of marginal net benefits?
Consider an activity A that has the following marginal benefit (MB) and marginal cost (MC) functions:
MB = 50 - 0.025A and MC 40 + 0.0254
and the following total benefit (TB) and total cost (TC) functions:
TB 50A - 0.0125A and TC = 40A + 0.01254.
What is the optimal level of activity?
Select one:
a.300
b.400
c.100
d.500
e.200
Chapter 1 Solutions
MANAGERIAL/ECON+BUS/STR CONNECT ACCESS
Ch. 1 - Prob. 1CACQCh. 1 - What is the maximum amount you would pay for an...Ch. 1 - Prob. 3CACQCh. 1 - Prob. 4CACQCh. 1 - Prob. 5CACQCh. 1 - Prob. 6CACQCh. 1 - Prob. 7CACQCh. 1 - Prob. 8CACQCh. 1 - Prob. 9CACQCh. 1 - Prob. 10CACQ
Ch. 1 - Prob. 11PAACh. 1 - Prob. 12PAACh. 1 - Prob. 13PAACh. 1 - Prob. 14PAACh. 1 - Prob. 15PAACh. 1 - As a marketing manager for one of the worlds...Ch. 1 - Prob. 17PAACh. 1 - Prob. 18PAACh. 1 - Prob. 19PAACh. 1 - Prob. 20PAACh. 1 - Prob. 21PAACh. 1 - Prob. 22PAACh. 1 - Prob. 23PAACh. 1 - Prob. 24PAA
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