ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Step 1: State the information given
VIEW Step 2: 1. Compute net benefit after undertaking 10th unit
VIEW Step 3: 2. Compute Net benefit after undertaking 20th unit
VIEW Step 4: 3. Determine the optimal value of A.
VIEW Step 5: 4. Determine net benefit at 14th unit
VIEW Step 6: 5. Determine the effect of eliminating 25th unit
VIEW Step 7: 6. Determine the level that maximizes total benefit
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