Society is made up of two individuals, A and B, whose de
Question and Solution
Society is made up of two individuals, A and B, whose demands for public good X are given in Figure 1. Assuming that the
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Society is made up of two individuals, A and B, whose demands for public good X are given in Figure 1. Assuming that the public good can be produced at a constant marginal cost of $6, what is the optimal level of output? How much would you charge A and B?
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