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Question 221

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Use the following to answer questions: Use the following to answer questions: -(Table: Marginal Benefit from Additional Streetlights) Look at the table Marginal Benefit from Additional Streetlights. Suppose that the marginal cost of installing a streetlight is $6. What is the maximum that Art would be willing to pay to have one streetlight installed in the neighborhood? A) $20 B) $15 C) $35 D) $5
-(Table: Marginal Benefit from Additional Streetlights) Look at the table Marginal Benefit from Additional Streetlights. Suppose that the marginal cost of installing a streetlight is $6. What is the maximum that Art would be willing to pay to have one streetlight installed in the neighborhood?


A) $20
B) $15
C) $35
D) $5

Correct Answer:

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