Hw 5 #1 - MC =-2H Optimal occurs where MSB MPB = MC 4 4...

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Hw 5 # 1 a) MB = MC MB = 4 C = -H^2 MC = -2H Optimal occurs where: MB = MC 4 = -2H H = -2 Jeff should give up 2 hours to work on his garden. b) MSB = 4 MPB = 4
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Unformatted text preview: MC = -2H Optimal occurs where: MSB+MPB = MC 4+4 = -2H H = -4 Jeff should give up 4 hours to work on the garden for social optimum. c)...
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