Suppose that the supply curve of serving in the military is S(P) = P, where Q =
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Suppose that the supply curve of serving in the military is S(P) = P, where Q = S(P) is several hours employed in military service a day. There are only mercenaries in the army (there is no draft). P is the hourly pay for military service, and the country needs 550 hours of military service a day. Calculate the social cost of maintaining the army per day.
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