Suppose that a small county is considering adding a guard, Business Economics

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Suppose that a small county is considering adding a guard

Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail will prevent 5 vehicles from sliding off the road during its usable life. What should the county do?

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Business Economics: Suppose that a small county is considering adding a guard

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