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[ Appendix material: calculus required ] . Suppose total benefits and total costs are given by BM ] = 6 0 0 Y - 1

[

Appendix material: calculus required

] .

Suppose total benefits and total costs are given by BM

] = 600 Y - 12 Y^{2}

and

C M = 20 Y^{2} .

What is the maximum level of total benefits?

Multiple Choice

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