Difference between total benefit and total cost

Reference no: EM13269875

Suppose that you can hire your mechanic in finely divisible increments (H: hours of employment). Your benefit and cost functions are B(H) = 2000H and C(H) = 80H + 100H2. a) What is your marginal benefit and marginal cost when H=4? b) In order to maximize your net benefit (the difference between total benefit and total cost), how many H should you hire?

Reference no: EM13269875

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