Neco Model Questions Vol1 2023 Government Question 40
Practice objective / multiple choice question 40 from the 2023 Neco Model Questions Vol1 Government examination.
A public agency has an annual budget of \(\text{N}10\) million to allocate between two programmes, A and B. If \(x\) million naira is allocated to programme A, the social benefit derived is \(B_A = 4\sqrt{x}\). If \(y\) million naira is allocated to programme B, the benefit is \(B_B = 3\ln (y+1)\). The agency must allocate at least \(\text{N}2\) million to each programme. Determine the allocation \((x, y)\) that maximizes the total benefit \(B = B_A + B_B\) and state the maximum total benefit (to two decimal places).
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About This Question
This is Neco Model Questions Vol1 2023 Government Question 40. It is one of the objective questions from the 2023 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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