(a) 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 t3 - 4.5t² + 16t, N(t) = 0

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 10E
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(a) 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
t3
- 4.5t² + 16t,
N(t) =
0<t<10
--
3
For what value of t, will the largest number of people receive direct benefits?
Transcribed Image Text:(a) 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 t3 - 4.5t² + 16t, N(t) = 0<t<10 -- 3 For what value of t, will the largest number of people receive direct benefits?
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