Suppose 10 people each have the demand Q=20-4P for streetlights and 5 people have the demand Q= 18-2P for streetlights. The cost of building each streetlight is 3. If it is impossible to purchase a fractional number of streetlights, how many streetlights are socially optimal?
Suppose 10 people each have the demand Q=20-4P for streetlights and 5 people have the demand Q= 18-2P for streetlights. The cost of building each streetlight is 3. If it is impossible to purchase a fractional number of streetlights, how many streetlights are socially optimal?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 10SQ
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