Your firms research department has estimated your total revenues to be
R(Q)=3,000-8Q^2 and your total costs to be C(Q)=100+2Q^2
Question 1: What level of Q maximizes the net benefits?
Question 2: What is marginal benefits at this level of Q?
Question 3: What is marginal cost at this level of Q?
Question 4: What is the maximum level of net benefits?
Question 5: What is another word for net benefits in this example?