Examlex

Solved

AMS Recently Instituted an In-House Recycling Program

question 3

Essay

AMS recently instituted an in-house recycling program.The benefits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS's leadership in this area.The costs of recycling include all of the energy,labor,and space required to do the recycling.Suppose these benefits and costs are given by B(Q)= 100Q - 2Q2 and C(Q)= 2Q.(Note that MB = 100 - 4Q,and MC = 2.)
a.What level of Q maximizes the total benefits of recycling?
b.What level of Q minimizes the total costs of recycling?
c.What level of Q maximizes the net benefits of recycling?
d.What level of recycling is optimal?
Why?


Definitions:

Intelligence

The cognitive ability of an individual to learn from experience, solve problems, and use knowledge to adapt to new situations.

Encouragement

The act of giving support, confidence, or hope to someone, often resulting in increased motivation and positive attitudes.

Self-control Resources

The psychological and emotional capacity of individuals to regulate their thoughts, emotions, and actions, especially in challenging situations.

Temptation

A desire to engage in short-term urges for enjoyment, which might conflict with long-term goals.

Related Questions