Suppose Total Benefits and Total Costs Are Given by B(Y)=

question 7

Multiple Choice

Suppose total benefits and total costs are given by B(Y) = 220Y − 15Y² and C(Y) = 10Y.What level of Y will yield the maximum net benefits?

• A) 7
• B) 10/9
• C) 5
• D) 150/20

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Definitions:

Expectations Decrease

A reduction in the anticipated or desired outcomes, often leading to adjusted objectives or satisfaction levels.

Rough Order of Magnitude

An early estimate that gives a general sense of a project's size, cost, or duration, often with wide variances.

Ballpark Estimate

A rough approximation or preliminary calculation of cost or value, not intended to be exact but giving a general idea.

Risk Analysis

The systematic study and assessment of potential hazards that could impede achieving project or organizational goals, focusing on prevention and mitigation strategies.