1 10 There are three groups in a community Their demand curves for public television in hours of programming, T, are given respectively by Suppose public television is a pure public good that can be produced at a constant marginal cost of $200 per hour a What is the efficient number of hours of pub...

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1.10. There are three groups in a community. Their demand curves for public television in hours of...

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1.10. There are three groups in a community. Their demand curves for public television in hours of programming, T, are given respectively by

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Suppose public television is a pure public good that can be produced at a constant marginal cost of $200 per hour.

a. What is the efficient number of hours of public television?

b. How much public television would a competitive private market provide?

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Microeconomics

ISBN: 9780132080231

7th Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 26, 2024 05:00 AM

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1.10. There are three groups in a community. Their demand curves for public television in hours of...

Question:

W = $200-T W $240-27 = W = $320-27

Step by Step Answer:

Microeconomics

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