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:

Performance IQ

A measure of a person's ability to solve problems, manipulate objects, and think abstractly, as assessed by certain IQ tests.

Wechsler Adult Intelligence Scale

A widely used test for assessing the intelligence and cognitive ability of adults and older adolescents.

Arrange

To organize or put things in a particular order or configuration, often to achieve a specified purpose or effect.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.