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Business, 13.06.2020 02:57 hallee25

During the summer, Juan mows the field behind his house. Mowing improves the view for Juan and his neighbor. Juan’s marginal benefit of mowing is 30 − m, where m is the number of minutes Juan spends mowing. His neighbor’s benefit is 40 − 2m. The marginal cost of mowing is 10. What is the efficient level of provision of mowing services?

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