microeconomics. answer for d and e d. Calculate the prices to be paid by individuals A (PA) and B (PB), respectively.PA = RM__; PB = RM_e. Calculate the total quantity of public goods produced (G') assuming individual B is a freerider.G' =unit(s) The demand functions of individual A and B for a public good (G) is given by:PA = 500-2G&PB = 200 -0.8Gwhere, P = price offered by each individual (RM) and G = units of public goods. Suppose themarginal cost (MC) to produce G is constant, RM250.a. Derive the aggregate demand equation for the above public good.

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d. Calculate the prices to be paid by individuals A (PA) and B (PB), respectively. PA = RM_ _; PB = RM_ e. Calculate the total quantity of public goods produced (G') assuming individual B is a free rider. G' = unit(s)

d. Calculate the prices to be paid by individuals A (PA) and B (PB), respectively. PA = RM_ _; PB = RM_ e. Calculate the total quantity of public goods produced (G') assuming individual B is a free rider. G' = unit(s)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

microeconomics. answer for d and e

d. Calculate the prices to be paid by individuals A (PA) and B (PB), respectively.
PA = RM_
_; PB = RM_
e. Calculate the total quantity of public goods produced (G') assuming individual B is a free
rider.
G' =
unit(s)

The demand functions of individual A and B for a public good (G) is given by:
PA = 500-2G
&
PB = 200 -0.8G
where, P = price offered by each individual (RM) and G = units of public goods. Suppose the
marginal cost (MC) to produce G is constant, RM250.
a. Derive the aggregate demand equation for the above public good.

Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

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