Your firm's research department has estimated your total revenues to be R left parenthesis Q right parenthesis equals 30 comma 000 Q minus 80 Q squared and your total costs to be C left parenthesis Q right parenthesis equals 1 comma 000 plus 20 Q squared. What level of Q maximizes net benefits?
Your firm's research department has estimated your total revenues to be R left parenthesis Q right parenthesis equals 30 comma 000 Q minus 80 Q squared and your total costs to be C left parenthesis Q right parenthesis equals 1 comma 000 plus 20 Q squared. What level of Q maximizes net benefits?
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
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Your firm's research department has estimated your total revenues to be
R left parenthesis Q right parenthesis equals 30 comma 000 Q minus 80 Q squared
and your total costs to be
C left parenthesis Q right parenthesis equals 1 comma 000 plus 20 Q squared.
What level of Q maximizes net benefits?
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