Economic model of decision of how fast to drive indicates

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According to our discussion in class, an Economic model of the decision of how fast to drive indicates an individual should choose the speed at which:

a. The total costs of traveling that speed equals the total benefits of traveling that speed

b. The marginal cost of increasing speed further equals the marginal benefit of increasing speed further

c. The marginal benefit of increasing speed further is zero

d. The total benefit of traveling that speed is zero

e. All of the above

Reference no: EM13997379

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