Savita Asked a Question
April 29, 2021 11:22 ampts 30 pts
(ii) Suppose there are only two individuals and one public good in an economy. Individual 1's and 2's demand for public good is given by P1 = 90-20 and P2 = 30-Q, respectively. The supply of the public good is given by the equation Q = -10+0.5P. Find the equation for aggregate demand of the public good. Calculate socially optimal quantity of public good.
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  • Ravindra nath mahto thankyou
    Look at the solution.
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    Savita
    thnku
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