5. Two consumers, Smith and Jones, have the following demand curves for Podunk Public Radio broadcasts of

Question:

5. Two consumers, Smith and Jones, have the following demand curves for Podunk Public Radio broadcasts of recorded opera on Saturdays: Smith: PS 12 Q Jones: PJ 12 2Q, where PS and PJ represent marginal willingness-to-pay values for Smith and Jones, respectively, and Q represents the

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