Q2: Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 100 people

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answerhappygod
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Q2: Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 100 people

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Q2: Suppose the state is trying
to decide how many miles of a very scenic river it should preserve.
There are 100 people in the community, each of whom has an
identical demand function given by P=10-1.0q, where q is the number
of miles preserved and P is the per mile price he or she is willing
to pay for q miles of preserved river. Hint: treat this
river as a public good.
B. What are the net benefits associated with the preservation
project?
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