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Gillian and Bob are two intrepid sailors who have a demand curve for lighthouses given by: Bob: p=240-3Q Gillian: p= 120 - Q Lighthouses
Gillian and Bob are two intrepid sailors who have a demand curve for lighthouses given by: Bob: p=240-3Q Gillian: p= 120 - Q Lighthouses are a pure public good and you should assume that the marginal cost of lighthouses is $93. What is the efficient number of lighthouses?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
