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Q. Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire. The table shows Bob's as well as Nancy's individual marginal benefits of different quantities of fire hydrants that could be installed in the neighborhood. Assume that the marginal cost of installing a hydrant is $10.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9723129

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