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Unformatted text preview: ica?
SMC = 4 + QS set equal to P = 24, so Q = 20. It
should be less because of the negative effect on others, less
should be produced, optimally.
D) Provide a graph and label axes, lines,
and outcomes from A) and C). UWM
Econ 328 Professor Grant
Spring 2014 3) Provision of Public Goods
A neighborhood that consists of 100 individuals is trying to construct a communal flagpole, which will
be a public good. They are trying to decide how high of a pole to construct. The price per foot of the
pole is P = $10, and each individual has his/her own demand curve Q = 15 – P, which is the same for all
individuals, and Q is the height measured in f...
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This document was uploaded on 03/11/2014 for the course ECON 328 at Wisconsin Milwaukee.
- Spring '08
- Environmental Economics