What is the pareto efficient number of streetlights

Assignment Help Chemical Engineering

Reference no: EM131101047

Suppose that 10 people live on a street and that each of them is willing to pay $2 for each extra streetlight regardless of the number of streetlights provided. If the cost of providing x streetlights is given by C(x) = x2, what is the Pareto efficient number of streetlights to provide? (HINT: you have to calculate social marginal value and put it equal to marginal cost).

Reference no: EM131101047

Questions Cloud

What do we call the hypothesis that modern humans originated : What do we call the hypothesis that modern humans originated through a process of simultaneous local transition from Homo erectus to Homo sapiens throughout the inhabited world?

Question regarding the preferred stock valuation : Earley Corporation issued perpetual preferred stock with a 11% annual dividend. The stock currently yields 8%, and its par value is $100.

What do call tool industry found among neandertals in europe : What do we call the tool industry found among Neandertals in Europe and Southwest Asia, and their human contemporaries in northern Africa, during the Middle Paleolithic, generally dating from about 40,000 to 125,000 years ago?

Preferred stock rate of return : What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $52.00, (b) $76.00, (c) $118.00, and (d) $138.00? Round your answers to two decimal pl..

What is the pareto efficient number of streetlights : what is the Pareto efficient number of streetlights to provide? (HINT: you have to calculate social marginal value and put it equal to marginal cost).

What do we call the geographical area of fertile land : What do we call the geographical area of fertile land in the Middle East stretching in a broad semicircle from the Nile to the Tigris and Euphrates?

President and board of trustees outlining the benefits : Instructions: Suppose that Saint Leo University was considering doing away with all theatre classes, even for non-English majors. (This is not really under consideration, thank goodness! This scenario is hypothetical.)

Nonconstant growth valuation : Holt Enterprises recently paid a dividend, D0, of $3.00. It expects to have nonconstant growth of 22% for 2 years followed by a constant rate of 7% thereafter. The firm's required return is 16%.

What do we call a type of magic based on the notion : What do we call a type of magic based on the notion that working magic on an image of an animal or person will cause the same effect on the actual animal or person?

User Account

All Pages