Question 10 Not yet answered Marked out of 2.00 P Flag question Consider the following table, describing each person's w
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Question 10 Not yet answered Marked out of 2.00 P Flag question Consider the following table, describing each person's w
Question 10 Not yet answered Marked out of 2.00 P Flag question 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 Levell WTP($) Person B WTP($) Person C WTP($) 15 10 25 16 20 20 14 12 30 15 12 9 40 10 10 6 50 5 8 3 The marginal cost of producing one unit of mosquito control is $26 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.