A gated community is considering hiring 24-hour security service to further protect the residents. Each security guard costs $100 per day. There are four residents of the community, with the total individual benefit for each resident shown below (total benefit, not marginal). Numbe r of Guards Betty Mark Geri Jon $40 $15 $30 $20 $80 $30 $60 $25 $130 $60 $90 $30 $180 $120 $120 $35 $230 $240 $150 $40 3

A gated community is considering hiring 24-hour security service to further protect the residents. Each security guard costs $100 per day. There are four residents of the community, with the total individual benefit for each resident shown below (total benefit, not marginal). Numbe r of Guards Betty Mark Geri Jon $40 $15 $30 $20 $80 $30 $60 $25 $130 $60 $90 $30 $180 $120 $120 $35 $230 $240 $150 $40 3

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 26P

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