josephcousin158 josephcousin158

17-05-2023
Social Studies

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Consider two individuals that consume a public good which has constant marginal cost of $140 Demand of Person 1 Q = 40 – P/4 Demand of Person 2 Q = 80 – P/2 a) What is the socially optimal amount that should be provided of this good? How much should each consumer pay? b) How much will actually be provided with no government involvement?explain

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