The figure to the right illustrates the supply of fireworks and the demand for fireworks by David (D₁) and Lisa (D₂). Assume fireworks are a public good (and that David and Lisa constitute the entire market for fireworks). What is the optimal provision of this public good? The optimal quantity of this public good for David and Lisa is 6 fireworks. (Enter a your response as a whole number.) Price ($ per firework) 12- 11- 10- 9- 8- 7 6- 4 3- 2- 1 0 D+ D₂ 0 1 N. 2 3 4 567 Fireworks ch 8 9 10 11 12
The figure to the right illustrates the supply of fireworks and the demand for fireworks by David (D₁) and Lisa (D₂). Assume fireworks are a public good (and that David and Lisa constitute the entire market for fireworks). What is the optimal provision of this public good? The optimal quantity of this public good for David and Lisa is 6 fireworks. (Enter a your response as a whole number.) Price ($ per firework) 12- 11- 10- 9- 8- 7 6- 4 3- 2- 1 0 D+ D₂ 0 1 N. 2 3 4 567 Fireworks ch 8 9 10 11 12
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