a. Write out the equation for the net benefits
Net Benefits are given by:
N(Q) = B(Q) - C(Q)
N(Q) = (150+28*Q-5*Q*Q) - (100+8*Q)
N(Q) = 150 + 28*Q-5*Q*Q-100-8*Q
b. What are the net benefits when Q=1,Q=5?
Net Benefits when Q=1 are
1. Evaluate B(Q) and C(Q) when Q=3,Q=5, and Q=10
Evaluating a function means that where you see a Q, replace it with the value you are asked to evaluate the function at. Then, complete the computation.
Suppose that the total benefit and total cost structure from an activity are, respectively, given by the following equations:
B(Q) = 150 + 28*Q - 5 * Q * Q
C(Q) = 100 + 8*Q
a) Write out the equation for the net benefits
b) What are the net benefits when Q
An engineering firm recently conducted a study to determine its benefit and cost structure. The results of the study are as follows:
B(Q) = 200*Q -4*Q*Q
C(Q) = 6*Q*Q
1. Evaluate B(Q) and C(Q) when Q =3, Q=5, and Q=10.
2. Determine the level of net benefit