3 When the total distance travelled is 60 kilometres, a What is the marginal social benefi t?...

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3 When the total distance travelled is 60 kilometres, a What is the marginal social benefi t? Why?

b What is the marginal private benefi t for each person and how many kilometres does each person travel?

The table gives the demand schedules for train travel for the only buyers in the market: Ann, Beth and Cathy.

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Economics

ISBN: 9781118150122

10th European Edition

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

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