2 What is the efficient number of security lights? The table sets out the marginal benefi ts...

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2 What is the efficient number of security lights?

The table sets out the marginal benefi ts that Ann, Sue and Zack receive from security lighting of their shared parking area. The marginal social cost of the security lighting ( MSC ) is a constant £12 per light.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 06:00 AM

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2 What is the efficient number of security lights? The table sets out the marginal benefi ts...

Question:

Ann Number of lights Marginal benefit Sue (pounds per light) Zack 0 5 10 15 1 4 8 12 23 3 6 9 2 4 6 4 1 2 3 5 0 0 0

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Economics

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