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10. Amy, Brooke, and Chelsea live in Minneapolis. Amy's demand for bike paths, a public good, is given by Q = 24 4P. Brooke's demand
10. Amy, Brooke, and Chelsea live in Minneapolis. Amy's demand for bike paths, a public good, is given by Q = 24 4P. Brooke's demand is Q = 14 P, and Chelsea's is Q = 5 P/3. The social marginal cost of building a bike path is SMC = $18.
Suppose the political equilibrium is established through majority rule voting. Each voter is assigned a per capita tax share. Who is the median voter __ ? How many paths will get built __? Is the outcome efficient __?
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