=+8. An insurance company has found that the severity of property damage ina fire is positively related

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=+8. An insurance company has found that the severity of property damage ina fire is positively related to the number of firefighters arriving at the scene.

a. Draw a diagram that depicts this finding with number of firefighters on the horizontal axis and amount of property damage on the vertical axis. What is the argument made by this diagram? Suppose you reverse what is measured on the

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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