Determine the marginal social benefit of the second dollar

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Reference no: EM131480266

Question: The town of Centreville, population 16, has two types of residents, Homebodies and Revelers. Using the accompanying table, the town must decide how much to spend on its New Year's Eve party. No individual resident expects to directly bear the cost of the party. Suppose there are 10 Homebodies and 6 Revelers. Determine the marginal social benefit of the second dollar spent on the party.

Reference no: EM131480266

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