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

question 49

Multiple Choice

Suppose total benefits and total costs are given by B(Y) = 600Y − 12Y² and C(Y) = 20Y².What level of Y will yield the maximum net benefits?

• A) 600/64
• B) 600/32
• C) 300/64
• D) 300/32

Understand the geographic and demographic distribution of union membership within the United States.

Identify the sectors and industries with rising or declining union membership.

Recognize the relationship between union membership and wages.

Understand the impact of product market competition on union wage bargaining.

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Definitions:

Wholesaler

A type of intermediary in the distribution channel that purchases goods in large quantities from manufacturers or importers and sells them to retailers or other businesses.

Conforming Goods

Merchandise or products that meet the specifications and standards outlined in a purchase contract.

Acceptance

A promise or act on the part of an offeree indicating a willingness to be bound by the terms and conditions contained in an offer. Also, the acknowledgment of the drawee that binds the drawee to the terms of a draft.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.