Alice and her brother Brad both love Mac and Cheese. Alice’s demand for Mac and Cheese is P =9-3Q while Brad’s demand is P = 9-Q, where P is the maximum willingness to pay for Mac and Cheese and Q is the quantity demanded. A. Is Mac and Cheese a public or private good? Why? B. What is Alice and Brad’s aggregate demand for Mac and Cheese? C. Graph the aggregate demand curve for Mac and Cheese. Be sure to label your graph. do fast i will 10 upvotes.

Alice and her brother Brad both love Mac and Cheese. Alice’s demand for Mac and Cheese is P =9-3Q while Brad’s demand is P = 9-Q, where P is the maximum willingness to pay for Mac and Cheese and Q is the quantity demanded. A. Is Mac and Cheese a public or private good? Why? B. What is Alice and Brad’s aggregate demand for Mac and Cheese? C. Graph the aggregate demand curve for Mac and Cheese. Be sure to label your graph. do fast i will 10 upvotes.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 2PA

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