1.12 Consider the discussion in the text about Elizabeths breast cancer treatment. Using Figure 13.11, calculate the...

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1.12 Consider the discussion in the text about Elizabeth’s breast cancer treatment. Using Figure 13.11, calculate the net welfare benefits if mu = 20,000, mc = 40,000, and mi = 44,000.

To aid in the calculations, assume that point G has a value of 2 and point F has a value of 3.

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