Total benefits-total costs-maximum net benefits
Problem: Suppose total benefits and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits? Show your work.
a. 75/36
b. 75/18
c. 50/18
d. 100/36
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Suppose total benefits and total costs are given by B(Y) = 100Y - 8Y2 and C(Y) = 10Y2. What level of Y will yield the maximum net benefits? Show your work.
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