A government agency has estimated that a flood control project has costs and benefits that are parabolic,

Question:

A government agency has estimated that a flood control project has costs and benefits that are parabolic, according to the equation
(Present worth of benefits)2
- 22(Present worth of cost) + 44 = 0
where both benefits and costs are stated in millions of dollars. What is the present worth of cost for the optimal size project?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

Question Posted: