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Joey and Chandler are roommates. Joey loves sandwiches, but whenever Joey eats sandwiches, it makes him gassy. Joey's private marginal benefit from eating sandwiches is
Joey and Chandler are roommates. Joey loves sandwiches, but whenever Joey eats sandwiches, it makes him gassy. Joey's private marginal benefit from eating sandwiches is MB=8-0.5Q. The marginal damage to Chandler per sandwich consumed by Joey is MD=2 (due to Joey's gas). The marginal cost of producing sandwiches is constant and equal to MC=2.5. Q4.1 Question 4.a) 4 Points Draw the PMB/SMB/PMC/SMC graph. Label axis, curves and relevant points
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