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Assume the only choice variable is x the total benefit

Assume the only choice variable is x. The total benefit function is B(x) =170x - x2 and the cost function is C(x) = 100 - 10x + 2x2

a) What are the marginal benefit and marginal cost functions?

b) Set up the net benefit functionand then determine the level of x that maximizes net benefit

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Assume the only choice variable is x the total benefit

Reference No:- TGS0669953

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Assume the only choice variable is x the total benefit

Reference No:- TGS0669953

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