In a community of 100 individuals every individual's demand curve for a public good is Q=16-9p, where Q is the quantity of the good, while p is its (tax) price. The marginal cost of producing the good...


In a community of 100 individuals every individual's<br>demand curve for a public good is Q=16-9p, where Q is<br>the quantity of the good, while p is its (tax) price. The<br>marginal cost of producing the good is 35. Calculate the<br>socially optimal amount of the public good.<br>I would appreciate the help<br>

Extracted text: In a community of 100 individuals every individual's demand curve for a public good is Q=16-9p, where Q is the quantity of the good, while p is its (tax) price. The marginal cost of producing the good is 35. Calculate the socially optimal amount of the public good. I would appreciate the help

Jun 10, 2022
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