What is the efficient level of the public good, Managerial Economics

Consider an economy with two individuals. Individual 1 has (inverse) demand curve for a public good given by P1=60-2Q1, While individual 2 has (inverse) demand curve for the public good given by P2=90-5Q2. The prices are measured in $ per unit. Assume the marginal cost of producing the public good is $10 per unit. What is the efficient level of the public good?

Posted Date: 3/15/2013 3:04:31 AM | Location : United States







Related Discussions:- What is the efficient level of the public good, Assignment Help, Ask Question on What is the efficient level of the public good, Get Answer, Expert's Help, What is the efficient level of the public good Discussions

Write discussion on What is the efficient level of the public good
Your posts are moderated
Related Questions
critically analyze the firm''s theory of profit maxmization

The Determination of the Value Money   Since money is primarily a medium of exchange, the value of money means what money will buy.  If at one time a certain amount of money

a) What do you understand by equilibrium National Income and to what extent is economic growth beneficial to an economy? b) Explain using both diagrams and mathematical tools,

(a) Describe how commercial banks determine their output, interest rates and profit levels assuming they act as oligopolies. (b) To what extent is the above statement a reality

What is Cyert and March's behavior theory? What are the demerits.

how much output should a firm produce? 80$ per unit C(Q)=40+8Q+2Qsquared

Topic:  Company Case Study and Industry Analysis   Instruction:  1) choose a company;                     2) recognize the market industry type;                     3)

the overall idea of market segmentation

Explain the demand for a commodity The functional relationship between demand for a commodity and its various determinants may be expressed mathematically in terms of a demand