Mathematics, 14.06.2021 03:50 dondre54
Mark’s demand for clothes (private goods) is Q = 35 -5P, and Emily’s demand for clothes is Q = 18 -2P. a. Write down an equation for the social marginal benefit of the consumption of clothes. b. Now suppose that clothes are public goods. Write down an equation for the social marginal benefit of clothes consumption.
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Mark’s demand for clothes (private goods) is Q = 35 -5P, and Emily’s demand for clothes is Q = 18 -2...
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