(a) Compute the quantity of land, in acres, thatApartments 4 Youshould develop in orderto maximize net benefits.(b) Compute the total benefits, total costs, and net benefits at the optimum amount ofland that the company could develop.(c) Present your solution graphically.(d) What is the benefit/cost ratio of the development? What does this number mean?(e) Before you are able to present your findings to your supervisor atApartments 4 You,the Delaware government steps in and requires that 250 acres must be developed by thecompany. How does this effect the benefit/cost ratio? How may it affect the decisionthat your supervisor makes moving forward with the project?

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