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Matthew Drives a Truck for Overtheroad Haulers

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Matthew drives a truck for Overtheroad Haulers. Matthew's marginal benefit for driving per day is: Matthew drives a truck for Overtheroad Haulers. Matthew's marginal benefit for driving per day is:   where m is the number of miles driven. The marginal social cost per mile is   Calculate the efficient number of miles driven for Matthew in a day. Since Overtheroad Haulers has full insurance on Matthew's truck, Matthew's personal marginal cost is:   How many miles per day will Matthew drive? Would it be efficient for society if Overtheroad Haulers places a limit on the number of miles Matthew drives? If so, what limit should they set? where m is the number of miles driven. The marginal social cost per mile is Matthew drives a truck for Overtheroad Haulers. Matthew's marginal benefit for driving per day is:   where m is the number of miles driven. The marginal social cost per mile is   Calculate the efficient number of miles driven for Matthew in a day. Since Overtheroad Haulers has full insurance on Matthew's truck, Matthew's personal marginal cost is:   How many miles per day will Matthew drive? Would it be efficient for society if Overtheroad Haulers places a limit on the number of miles Matthew drives? If so, what limit should they set? Calculate the efficient number of miles driven for Matthew in a day. Since Overtheroad Haulers has full insurance on Matthew's truck, Matthew's personal marginal cost is: Matthew drives a truck for Overtheroad Haulers. Matthew's marginal benefit for driving per day is:   where m is the number of miles driven. The marginal social cost per mile is   Calculate the efficient number of miles driven for Matthew in a day. Since Overtheroad Haulers has full insurance on Matthew's truck, Matthew's personal marginal cost is:   How many miles per day will Matthew drive? Would it be efficient for society if Overtheroad Haulers places a limit on the number of miles Matthew drives? If so, what limit should they set? How many miles per day will Matthew drive? Would it be efficient for society if Overtheroad Haulers places a limit on the number of miles Matthew drives? If so, what limit should they set?


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Ronald Riggio

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