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There are two consumers of mosquito abatement, a public good. Dash's benefit from mosquito abatement is given by MBD = 100 - Q, where Q is the quantity of mosquito abatement. Lilly's benefit is given by MBL = 60 - Q.
-Calculate the marginal social benefit MSB
-Suppose that mosquito abatement can be provided at a marginal cost of MC = 2Q. Find the optimal level of mosquito abatement. (And use the respective graphs to show all your results.)
-What is the market price of offering the optimal level in (b) (the MC at the optimal quantity)? Are any of Dash or Lilly willing to buy the optimal quantity on their own?
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