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SOLVED: Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 36Q - 4Q^2 and C(Q) = 80 12Q. [MB(Q) = 36 - 8Q and MC(Q) = 12. a. Write out the equation for the net benefits. b. What are the net benefits when Q = 1? Q = 5? c. Write out the equation for the marginal net benefits. d. What are the marginal net benefits when Q = 1? Q = 5? e. What level of Q maximizes net benefits? f. At the value of Q that maximizes
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