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2. Kala is operating an ATV on the beach. The level of care he chooses influences whether there is an accident in which his ATV

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2. Kala is operating an ATV on the beach. The level of care he chooses influences whether there is an accident in which his ATV harms a sunbather. Kalas cost of exerting care of X is given by WX. That is, Kala has a constant marginal cost of exerting care which is w. The probability of an accident is

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