A magician recorded his magic show and broadcast it  freely in internet. How would you classify the show with  reference to rivalrous and excludability?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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(a) A magician recorded his magic show and broadcast it  freely in internet. How would you classify the show with  reference to rivalrous and excludability?

(b) There are two online magic show enthusiasts, A and B in  the market.  Their demand functions are QA = 5 – 0.25PA and  QB = 15 – 0.5PB respectively.  Explain the method to obtain  the market demand function for magic show which are freely  available online.

(c) Draw the marginal social benefit curve for online magic show.

(d) If a magician produces magic show and broadcast online  to both individuals at a constant marginal cost of $20, what  is the market equilibrium quantity and price of online magic  shows?

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