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whipped whipped
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7 years ago
Suppose Phillips and Mathew are the only tenants in a building. The owner of the building is considering installing surveillance cameras in the building. The following table shows the amount that Phillips and Mathew are willing to pay for each additional camera:

Number of Surveillance Cameras    Phillips's Willingness
to Pay   Mathew's Willingness to Pay
1   $400   $300
2   $310   $200
3   $210   $110
4   $80   $30

If the cost of installing each surveillance camera is $320, how many cameras will the owner of the building install to maximize welfare?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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7 years ago
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whipped Author
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7 years ago
This helped my grade so much Perfect
momochiime
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Yesterday
Smart ... Thanks!
decibul
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2 hours ago
Just got PERFECT on my quiz
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