Question
A potential project for providing a specific type of public good faces with a demand curve that looks like q=12-3p , and the price (cost)
A potential project for providing a specific type of public good faces with a demand curve that looks like q=12-3p , and the price (cost) for supplying the good is fixed at 2. Assume that the current level of quantity is zero (no service). What is the amount of equilibrium quantity at a given price?
What is the amount of social surplus gain from implementing this project?
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Economics And The Environment A Materials Balance Approach
Authors: Allen V Kneese, Robert U Ayres, Ralph C D'Arge
1st Edition
1317402251, 9781317402251
