*9 In problem 7, to get a litre of sunscreen the people of Sunland are willing to...

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*9 In problem 7, to get a litre of sunscreen the people of Sunland are willing to give up 5 kilograms of food if they have 25 litres of sunscreen, 2 kilograms of food if they have 75 litres of sunscreen, and 1 kilogram of food if they have 125 litres of sunscreen. a Draw a graph of Sunland’s marginal benefit from sunscreen. b What is the efficient quantity of sunscreen?

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Economics

ISBN: 9781509540235

6th Edition

Authors: Michael Parkin, Melanie Powell, Kent Matthews

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