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    Suppose 100 Citizens Each Derive Marginal Benefit from Submarines According
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Suppose 100 Citizens Each Derive Marginal Benefit from Submarines According

Question 70

Question 70

Essay

Suppose 100 citizens each derive marginal benefit from submarines according to the function MB = 10 - Q.If subs cost $100 each to produce,what is the efficient quantity of submarines?

Correct Answer:

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The market demand is SMB = 1000 - 100Q.S...

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