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Consider the following table, describing each person's willingness to pay for different levels (units) mosquito control.
Posted: Sun Apr 10, 2022 8:38 am
by answerhappygod
- Consider The Following Table Describing Each Person S Willingness To Pay For Different Levels Units Mosquito Control 1 (95.74 KiB) Viewed 34 times
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.