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Business, 17.08.2019 22:10 Isabella1319

Cedric, who is a latvian citizen, must decide whether he wants to contribute to the national-defense budget. further, suppose that there are a total of 10 citizens, including cedric. for the optimal amount of safety, each citizen should pay $10 . every $1 contributed (by anyone) to the national defense leads to increased security, which each person values at $0.35 . this means that every dollar spent on defense is worth $3.50 to latvia as a whole. how much does cedric personally value the increase in national defense when he contributes $10 to the defense fund?

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Cedric, who is a latvian citizen, must decide whether he wants to contribute to the national-defense...
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