A small town provides a fireworks display. which is a public good, every fourth of July. For simplicity, assume the town only has two residents: Hayden and Madison. Their demands for the fireworks display are illustrated in the figure to the right. Construct the market demand curve for this public good. 8.00, 7.50- 7.00- 6.50- Use the line drawing tool to draw the market demand ourve (DMarket) for the fireworks display. Properly label this line. Carefully follow the instructions above, and only draw the required objects. 6.00- 5.50- 5.00- 4.50어 DMadison Dhayden 4.00- 3.50- 3.00- 8 2.50- i 2.00- 1.50- 1.00- 0.50- 0.00- B Snipping Tool New O Mode - Delay - X Cancel Options elect the snip mode using the Mode button or click the New utton. Snipping Tool is moving. 10 12 14 16 In a future update, Snipping Tool will be moving to a new Quantity (number of fireworks) Price (dollars per firework)

A small town provides a fireworks display. which is a public good, every fourth of July. For simplicity, assume the town only has two residents: Hayden and Madison. Their demands for the fireworks display are illustrated in the figure to the right. Construct the market demand curve for this public good. 8.00, 7.50- 7.00- 6.50- Use the line drawing tool to draw the market demand ourve (DMarket) for the fireworks display. Properly label this line. Carefully follow the instructions above, and only draw the required objects. 6.00- 5.50- 5.00- 4.50어 DMadison Dhayden 4.00- 3.50- 3.00- 8 2.50- i 2.00- 1.50- 1.00- 0.50- 0.00- B Snipping Tool New O Mode - Delay - X Cancel Options elect the snip mode using the Mode button or click the New utton. Snipping Tool is moving. 10 12 14 16 In a future update, Snipping Tool will be moving to a new Quantity (number of fireworks) Price (dollars per firework)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please Show how to solve I understand that my point should start at 8 but unsure where to end it

A small town provides a fireworks display. which is a public good, every fourth of July. For simplicity, assume the town only has two residents: Hayden and
Madison. Their demands for the fireworks display are illustrated in the figure to the right. Construct the market demand curve for this public good.
8.007
7.50-
7.00-
6.50-
2 6.00-
5.50-
5.00-
4.50- DMadison
DHayden
Use the line drawing tool to draw the market demand curve (DMarket ) for the fireworks display. Properly label this line.
Carefully follow the instructions above, and only araw the required objects.
4.00-
3.50-
3.00-
8 2.50-
Č 2.00-
1.50-
1.00-
0.50-
3 Snipping Tool
3 New O Mode
A Delay -
X Cancel
Options
elect the snip mode using the Mode button or click the New
utton.
Snipping Tool is moving.
0.00-
10
12
14
16
In a future update, Snipping Tool will be moving to a new
Ouantity (numher of fireworks)
Price (dollars per firework)

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