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Tom and Abe must spend a day working together. Tom likes to chew gum, and his marginal benefit from one pack of gum a day
Tom and Abe must spend a day working together. Tom likes to chew gum, and his marginal benefit from one pack of gum a day is $4. The price of a pack of gum is $3. Abe dislikes the sound of gum dash chewing and his marginal benefit from an environment free of the sound of gum dash chewing is $6 a day. What is the outcome if they meet at Tom's home? What is the outcome if they meet at Abe's home? Question content area bottom Part 1 If they meet at Tom's home, Tom ______ chew gum and if they meet at Abe's home, Tom ______ chew gum. A. does; does B. does not; does not C. does not; does D. does; does not E. sometimes does and sometimes does not; sometimes does and sometimes does not
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