16 125 points Skiped eBook References a. On the basis of the three individual demand schedules below, and assuming these

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16 125 Points Skiped Ebook References A On The Basis Of The Three Individual Demand Schedules Below And Assuming These 1 (26.12 KiB) Viewed 19 times

16 125 points Skiped eBook References 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 Od 1 Price $16 14 12 10 8 6 4 2 142 536 $30 Qd 0 0 1 2 3 4 $24 $18 $12 5 0 6 4 Price $16 14 12 10 B 6 $6 6 $2 10 Optimal quantity 4 2 2 3 4 5 6 7 8 Individual 3 Qd 0 1 2 3 4 5 Price $16 14 12 10 8 6 A 2 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 Os 10 8 6 7 Demand for Public Good Price Od 1 2 3 4 5 e 7 0