Multiple Choice
The island nation of Maldives has 70,000 households. Each household receives a marginal benefit from Coast Guard security of MB = 60 - 0.30Q, where Q measures the number of patrolling Coast Guard ships. What is the total marginal benefit of the tenth patrolling ship?
A) $3.99 million
B) $1.5 million
C) $2.81 million
D) $775,000
Correct Answer:
Verified
Correct Answer:
Verified
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