Suppose total benefits and total costs are given by B(Y) = 600Y 12Y2 and C(Y) =

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Suppose total benefits and total costs are given by B(Y) = 600Y − 12Y2 and C(Y) = 20Y2. What is the maximum level of net benefits?
Select one:
a. None of the statements associated with this question are correct.
b. 1916.4
c. 2,812.5
d. 2,500.75

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Feb 01, 2018 07:54 AM

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Suppose total benefits and total costs are given by B(Y) = 600Y 12Y2 and C(Y) =

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c 28125 Net Benefits is given by Total Benefit total cost 600Y 12 Y2 20 Y2 600 ...View the full answer

Microeconomics

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