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

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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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The figure to the right luates the supply of fireworks and the demand for works by David (0) and Lisa (0₂) Assame
treworks are a public good (and that David and Use constitute the entre market for fors) What is the optimal
provision of this pablic good?
The optimal quantity of this puttic good for David and Lisa is freaks (Enter your response as a whole b)
124
Price pertra
41
10
HO
184
7-
25
S
ddu
Transcribed Image Text:The figure to the right luates the supply of fireworks and the demand for works by David (0) and Lisa (0₂) Assame treworks are a public good (and that David and Use constitute the entre market for fors) What is the optimal provision of this pablic good? The optimal quantity of this puttic good for David and Lisa is freaks (Enter your response as a whole b) 124 Price pertra 41 10 HO 184 7- 25 S ddu
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