Suppose total benefits and total costs are given by B(Y)= 100Y − 8Y² and C(Y)= 10Y².Then marginal costs are: A) 20Y². B) 40. C) 5Y. D) 20Y.

Question

Quizplus · Accepted Answer

To find the marginal cost, we need to take the derivative of the total cost function with respect to Y:

MC(Y) = dC(Y)/dY = 10(1 + S1U1P-1/2S1S1P0)

Since there is no information provided to evaluate this expression, we cannot obtain a numerical value for MC(Y). Therefore, the answer is D) 20Y, which is not a possible value based on the given information.

Suppose Total Benefits and Total Costs Are Given by B(Y)=