The following graph shows the MB for security guards of each Store ndicates the agreed equal cost-share of $50 (7 stores) to hire one security guard ($350). They car nire one to seven guards. it 50 MB MB MIL 2. 9. Security Guards per Week i. If they vote on 5 guards vs. 6 guards, which option will win the vote? ii. If they vote on 2 guards vs. 3 guards, which option will win the vote? Marginal Beneft, Cor

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following graph shows the MB for security guards of each store (A to H). The horizontal t-line
indicates the agreed equal cost-share of $50 (7 stores) to hire one security guard ($350). They can
hire one to seven guards.
50
MB
M M
MB
MIL
1.
Security Guards per Week
i. If they vote on 5 guards vs. 6 guards, which option will win the vote?
ii. If they vote on 2 guards vs. 3 guards, which option will win the vote?
Marginal Benefit, Co
Transcribed Image Text:The following graph shows the MB for security guards of each store (A to H). The horizontal t-line indicates the agreed equal cost-share of $50 (7 stores) to hire one security guard ($350). They can hire one to seven guards. 50 MB M M MB MIL 1. Security Guards per Week i. If they vote on 5 guards vs. 6 guards, which option will win the vote? ii. If they vote on 2 guards vs. 3 guards, which option will win the vote? Marginal Benefit, Co
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