In the table below, fill in the numeric answers in the "Willingness to Pay" (WTP) blanks where indicated. WTPx, WTPy, WTPZ represent three different individual's "willingness to pay". Q MC WTPx WTPY WTPz Collective WTP 1 15 18 21 16 Number 2 17 12 Number 8 37 3 19 Number 14 5 27 4 20 6 12 3 Number 5 27 5 11 Number 18 What is the optimal quantity of the public good that should be provided? Click for List
In the table below, fill in the numeric answers in the "Willingness to Pay" (WTP) blanks where indicated. WTPx, WTPy, WTPZ represent three different individual's "willingness to pay". Q MC WTPx WTPY WTPz Collective WTP 1 15 18 21 16 Number 2 17 12 Number 8 37 3 19 Number 14 5 27 4 20 6 12 3 Number 5 27 5 11 Number 18 What is the optimal quantity of the public good that should be provided? Click for List
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please give me correct answer and don't reject of this question otherwise i complain to bartelby
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