13. A residential community has 100 residents who are concerned about security. The accompanying table gives the
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13. A residential community has 100 residents who are concerned about security. The accompanying table gives the total cost of hiring a 24-hour security service as well as each individual resident’s total benefit.
Total Quantity of individual security benefit to guards Total cost each resident 0 $0 $0 1 150 10 2 300 16 3 450 18 4 600 19 Quantity Tanisha’s Ari’s of street individual individual cleanings marginal marginal per month benefit benefit 0
$10 $8 1
6 4 2
2 1 3
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Related Book For
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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