Suppose the total benefit derived from a given decision, q, is b(q) 25q q2 and the corresponding total cost is c(q) 5 q2 , so that mb(q) 25 2q and mc(q) 2q. a. what is total benefit when q 2? q 10? b. what is marginal benefit when q 2? q 10? c. what level of q maximizes total benefit? d. what is total cost when q 2? q 10? e. what is marginal cost when q 2? q 10? f. what level of q minimizes total cost? g. what level of q maximizes net benefits?

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?