What are the expected marginal benefits of crossing


Problem

Imagine that you are trying to decide whether to cross a street without using the designated crosswalk at the traffic signal. What are the expected marginal benefits of crossing? The expected marginal costs? How would the following conditions change your benefit-cost equation?

a. The street was busy.

b. The street was empty and it was 3 a.m.

c. You were in a huge hurry.

d. A police officer was standing 100 feet away.

e. The closest crosswalk was a mile away.

f. The closest crosswalk was 10 feet away.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

 

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Microeconomics: What are the expected marginal benefits of crossing
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