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400,000 individuals live in a community. You are considering acquiring a number of units of a public utility, which you have so far been completely
400,000 individuals live in a community. You are considering acquiring a number of units of a public utility, which you have so far been completely without. An individual representative of half of the population has the following total willingness to pay (TB) for different quantities of the utility (Table 1)
For the remaining individuals, the following applies (table 2):
The production costs are shown in Table 3:
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