Question: 1. Your firm's research department has estimated your total revenues to be

\[R\left( Q \right)=3,000Q-8{{Q}^{2}}\]

and your total costs to be \(C\left( Q \right)=100+2{{Q}^{2}}\). (Note that

\[MB=3,000-16Q\]and\[MC=4Q\])

a. What level of Q maximizes net benefits?

b. What is marginal benefit at this level of Q?

c. What is marginal cost at this level of Q?

d. What is the maximum level of net benefits?

e. What is another word for net benefits in this example?