During the summer, Julian mows the field behind his house. Mowing improves the view for Julian and his neighbor. Julian’s marginal benefit of mowing is 30 – m, where m is the number of minutes Julian spends mowing. His neighbor’s benefit is 40 – 2m. The marginal cost of mowing is 25. What is the efficient level of provision of mowing services? Select one: 7 a. 10 minutes b. 5 minutes c. 15 minutes d. 20 minutes
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