A On The Basis Of The Three Individual Demand Schedules Below And Assuming These Three People Are The Only Ones In The 1 (31.91 KiB) Viewed 9 times
A On The Basis Of The Three Individual Demand Schedules Below And Assuming These Three People Are The Only Ones In The 2 (11.29 KiB) Viewed 9 times
a. On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society. determine the collective demand schedule on the assumption that the good is a public good. Instructions: Enter your answers as a whole number. Individual 1 Individual 2 Price $8 7 6 5 4 3 2 1 Qd 0 0 0 1 2 3 4 5 Price $8 7 6 5 4 3 2 1 Qd 1 2 3 4 5 6 7 8 Individual 3 Price $8 7 6 5 4 3 2 1 Qd 0 0 1 2 3 4 5 6 Demand for Public Good Price Qd 1 2 3 4 5 6 7 8 b. Use the public demand schedule above and the following supply schedule to ascertain the optimal quantity of this public good. Supply of
b. Use the public demand schedule above and the following supply schedule to ascertain the optimal quantity of this public good Supply of Public Good Price Qs 10 8 6 4 2 1 $19 $16 $13 $10 APPANARE $7 $4 T $2 $1 8 0 Optimal quantity=
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