3. Suppose that a $150,000 expenditure today on insulating layers to prevent toxic landfill seepage would eliminate

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╇ 3. Suppose that a $150,000 expenditure today on insulating layers to prevent toxic landfill seepage would eliminate

$1 million worth of healthcare costs 20 years from now. If the social discount rate were 10 percent, would society be willing to spend the $150,000 today?

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