Assume your apartment complex decides to build new open access common area for its residents. Each individual has value for using the common area represented by the following value function: V= 40-0.5Q where Q represents the number of individuals using the common area. The marginal value function is: MV= 40-Q Assume each individual’s opportunity cost of time is $8 [e.g. MC=8]   How many people use the common are at the social optimum? It may be helpful to show your work to calculate your answer

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