How many streetlights are socially optimal

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Reference no: EM131190471

Suppose 10 people each have the demand Q 5 20 2 4P for streetlights, and 5 people have the demand Q 5 18 2 2P for streetlights.

The cost of building each streetlight is 3. If it is impossible to purchase a fractional number of streetlights, how many streetlights are socially optimal?

Reference no: EM131190471

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