Question 1 Partially correct Mark 1.00 out of 2.00 Flag question There are three households in a community. Their indivi

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Question 1 Partially Correct Mark 1 00 Out Of 2 00 Flag Question There Are Three Households In A Community Their Indivi 1 (40.81 KiB) Viewed 13 times

Question 1 Partially correct Mark 1.00 out of 2.00 Flag question There are three households in a community. Their individual marginal benefit for hours per week of public television (H) is given by MB₁-30-H, MB₂= 60-2H and MB3-70-H. Suppose that public television is a pure public good that can be produced at a constant marginal cost of $100 per hour. What is the efficient level of provision of hours per week of public television H? 15 What would be the total net benefit to the community if the efficient number were provided? $ 100 (1 point each-For numerical questions, include only absolute values (i.e. there no need to include units such as $, etc.) and whenever your solution includes decimals round up to 2 decimal places) X