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A Motorcycle shop is located next to a Cafe. The noise from the motorcycles bothers the Cafe customers. If there was a soundwall it would
A Motorcycle shop is located next to a Cafe. The noise from the motorcycles bothers the Cafe customers. If there was a soundwall it would reduce the noise and increase the number of customers at the Cafe. Using the table below, how much would the Cafe owner be willing to pay for sound walls to reduce the noise? Sound Wall No Sound Wall Daily profits $2400 (Motorcycle) $3000 Daily profits (Cafe) $1300 $700 O $700 O $350 O $600 O $1100
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