Public goods provided under voluntary contributions

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Reference no: EM13744086

Consider an economy inhabited by n identical people. Each person's utility function is Ui =(z)(bi) where bi and z are his bread consumption and the quantity of some public good.

Each person is endowed with 10 units of bread, and they can either consume his bread or contribute bread to the provision of public goods. Four units of bread are required to produce each unit of public goods.

Find the quantity of public goods provided under voluntary contributions.

Reference no: EM13744086

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