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Business, 18.09.2019 04:00 axxpjr12

City parks: a city’s mayor has to decide how much money to spend on parks and recreation. city codes restrict this spending to no more than 5% of the budget, and the yearly budget of the city is $20,000,000. the mayor wants to his constituents, who have diminishing returns from parks. the moneyequivalent benefit from spending $c on parks is v(c) = √(400c) − 1/80 c. what now is the action set for the mayor, and how much spending should he choose to cater to his constituents?

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