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Part 2-(50%) Exercise: Myra drives a 1994 Honda Accord, the most stolen car in the United States. She can take precautionary actions to prevent her

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Part 2-(50%) Exercise: Myra drives a 1994 Honda Accord, the most stolen car in the United States. She can take precautionary actions to prevent her car from being stolen. The total benefit and total cost of these actions are respectively TB = 10A - 0.1A? and TC = 2A+0.3A?, where A is the number of precautionary actions. Myra values her car at $2,400. a. Graph Myra's Marginal Benefit and Marginal Cost curves and show the optimal number of precautionary actions. b . Suppose that Myra adds coverage to her car insurance, which will reimburse her $2,400 if her car is stolen. Using MB and MC curves, show Myra's optimal number of precautionary actions

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