- Consider The Following Table Describing Each Person S Willingness To Pay For Different Levels Units Mosquito Control 1 (78.73 KiB) Viewed 31 times
Consider the following table, describing each person's willingness to pay for different levels (units) mosquito control.
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Consider the following table, describing each person's willingness to pay for different levels (units) mosquito control.
Consider the following table, describing each person's willingness to pay for different levels (units) mosquito control. Mosquito control is a public good for this society. Demand for Mosquito Control Person A Level WTP($) 10 25 Person B WTP($) 16 Person C WTP($) 15 20 20 14 12 30 15 12 8 40 10 10 6 50 5 8 3 The marginal cost of producing one unit of mosquito control is $35 and constant. Assuming there is no Free-Rider issue, the private level of mosquito control supplied would be units. The optimal level of mosquito control however, would be units.