Total Revenues and Net Benefits
Your firms research department has estimated your totoal revenues to be R(Q)=3,000-8Q^2 and your total costs to be C(Q)=100+2Q^2 a. What level of Q maximizes the net benefits? b. What is marginal benefits at this level of Q? c. What is marginal cost at this level of Q? d. What is the maximum level of net benefits? e. W