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Hello! Would like to see how the answers to both questions can be represented in a graph: 3. Ten identical consumers all have individual willingness-

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Hello! Would like to see how the answers to both questions can be represented in a graph:

image text in transcribed
3. Ten identical consumers all have individual willingness- to-pay curves P = 5 zl_oQ for a public goodsay, local parks (where P 1s measured in hundreds of dollars and Q 1s measured 1n acres). Construct and graph the aggregate willingness-to-pay curve. For 50 acres of parks, what is the maximum each individual would be willing to pay? (LO2) 4. Consider the scenario described 1in Problem 3, but now consider that the marginal cost of providing parks mea- sured in hundreds of dollars is MC = %Q. Determine the optimal size of local parks. (LO2)

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