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Consider an economy with two individuals. Individual 1 has (inverse) demand curve for a public good given by P1=60 – 2Q1, while Individual 2 has (inverse) demand curve for the public good given by P2=90
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Consider an economy with two individuals. Individual 1 has (inverse) demand curve for a public good given by P1=60 – 2Q1, while Individual 2 has (inverse) demand curve for the public good given by P2=90 – 5Q2. The prices are measured in $ per unit. Suppose the marginal cost of producing the public good is $ 10 per unit. What is the efficient level of the public good?

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150,4Q

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Its easy

User Oseintow
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