subject
Business, 18.03.2021 01:20 jjmarie612

On the basis of the three individual demand schedules below, and assuming these three people are the only ones in the society, determine the collective demand schedule on the assumption that the good is a public good. Individual #1 Individual #2 Individual #3 Demand Curve- Public Good
Price Qd Price Qd Price Qd Amount Society Qd
is Willing to Pay
$16 0 $16 1 $16 1 $1
14 1 14 2 14 2 2
12 2 12 3 12 3 3
10 3 10 4 10 4 4
8 4 8 5 8 5 5
6 5 6 6 6 6 6
4 6 4 7 4 7 7
2 7 2 8 2 8 8
Use this public demand schedule above and the following supply schedule to ascertain the optimal quantity of this public good.
P Qd
$20 10
18 8
16 6
14 4
12 2
10 0
The Optimal quantity = .

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 17:10
Four analysts cover the stock of fluorine chemical. one forecasts a 6% return for the coming year. the second expects the return to be negative 6%. the third predicts a return of 8%. the fourth expects a 2% return in the coming year. you are relatively confident that the return will be positive but not large, so you arbitrarily assign probabilities of being correct of 35 % comma 8 %, 17 %, and 40%, respectively, to the analysts' forecasts. given these probabilities, what is fluorine chemicals expected return for the coming year
Answers: 3
question
Business, 21.06.2019 22:10
There are more than two types of bachelors’ degrees true or false?
Answers: 1
question
Business, 22.06.2019 08:00
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
question
Business, 22.06.2019 16:30
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
You know the right answer?
On the basis of the three individual demand schedules below, and assuming these three people are the...
Questions
question
Mathematics, 15.04.2020 19:14
question
Mathematics, 15.04.2020 19:14
Questions on the website: 13722359