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October 25, 2014

Homework Help: Public Finance

Posted by kilolo on Sunday, March 27, 2011 at 5:28pm.

The cost of hiring a secuirty guard to patrol the neighborhood of a community is 300 per week
Assuming that the marginal benefit of the first secuirty guard is 100 for each of the ten (n=10) individuals living in the community what is the optimal outcome in a private market? is that efficient?

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