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1. Assume there are ten people in a market, each having a marginal value of their fifth cup of coffee of $5. For the overall

1. Assume there are ten people in a market, each having a marginal value of their fifth cup of coffee of $5. For the overall market, what is the marginal value of the fiftieth cup of coffee? If there is insufficient information in the problem to answer this question, what else would you need to know?

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