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    Total Revenues and Net Benefits

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    Your firms research department has estimated your totoal revenues to be
    R(Q)=3,000-8Q^2 and your total costs to be

    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. What is another word for net benefits in this example?

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    Solution Summary

    Total Revenues and Net Benefits are examined.