What is the optimal amount of national defense

Reference no: EM133614340

Question: Consider the small country of Lollandia. There are 1,000 Lollandians living in the country, and they all value defense of the homeland at $6 per unit of defense. If the cost of providing national defense of Lollandia is given by c(d)=3d^2/4 and d represents units of national defense, then what is the optimal amount of national defense for Lollandia to employ?

Reference no: EM133614340

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