A project management consultant estimated that if a particular project wascompleted,t years after completion,N thousand persons would benefit directly from the project,whereN(t) =(t 3/3)− 4.5t2 + 16t , 0 ≤ t ≤ 10For what value of t,will the largest number of people receive direct benefits?

A project management consultant estimated that if a particular project wascompleted,t years after completion,N thousand persons would benefit directly from the project,whereN(t) =(t 3/3)− 4.5t2 + 16t , 0 ≤ t ≤ 10For what value of t,will the largest number of people receive direct benefits?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter20: The Problem Of Adverse Selection Moral Hazard

Section: Chapter Questions

Problem 3MC

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A project management consultant estimated that if a particular project was
completed,t years after completion,N thousand persons would benefit directly from the project,where
N(t) =(t ³/3)− 4.5t² + 16t , 0 ≤ t ≤ 10
For what value of t,will the largest number of people receive direct benefits?

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