2. Remember or air filter example from class. People valued clean air at Sn, where n is the number of people who use a filter. There are 100 people and a filter costs $25. If all 100 buy a filter, n100, so cach gets a benefit of S100 for a cost of $25. Why do we expect that no one will buy the filter? Is the outcome efficient? If not, how could the problem be solved?
2. Remember or air filter example from class. People valued clean air at Sn, where n is the number of people who use a filter. There are 100 people and a filter costs $25. If all 100 buy a filter, n100, so cach gets a benefit of S100 for a cost of $25. Why do we expect that no one will buy the filter? Is the outcome efficient? If not, how could the problem be solved?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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