6. There are three groups in a community. Their demand curves for public television in hours of programs, T, are given respectively by W1 = $200 – T W2 = $240 – 2T W3 = $320 – 2T Suppose public...

6. There are three groups in a community. Their demand curves for public television in hours of<br>programs, T, are given respectively by<br>W1 = $200 – T<br>W2 = $240 – 2T<br>W3 = $320 – 2T<br>Suppose public television is a pure public good that can be produced at a constant marginal<br>cost of $200 per hour. What is the efficient number of hours of public television?<br>

Extracted text: 6. There are three groups in a community. Their demand curves for public television in hours of programs, T, are given respectively by W1 = $200 – T W2 = $240 – 2T W3 = $320 – 2T Suppose public television is a pure public good that can be produced at a constant marginal cost of $200 per hour. What is the efficient number of hours of public television?

Jun 09, 2022

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6. There are three groups in a community. Their demand curves for public television in hours of programs, T, are given respectively by W1 = $200 – T W2 = $240 – 2T W3 = $320 – 2T Suppose public...

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