4. We have 72 free units to distribute among 100 agents. Their willingness to pay is p. The function d(p)= 100 -p gives us the number of agents willing to pay p or more. Find the CEEI solution.
4. We have 72 free units to distribute among 100 agents. Their willingness to pay is p. The function d(p)= 100 -p gives us the number of agents willing to pay p or more. Find the CEEI solution.
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 8PA
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Transcribed Image Text:4. We have 72 free units to distribute among 100 agents. Their willingness to pay is p. The function
d(p)= 100 -p gives us the number of agents willing to pay p or more. Find the CEEI solution.
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