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Please answer those questions foe me. Thank you so much Use the following information (Prompt 1) to answer the remainder of the questions on the
Please answer those questions foe me. Thank you so much
Use the following information (Prompt 1) to answer the remainder of the questions on the exam. There are two consumers of a public good. The demands for the consumers are as follows: Consumer A: P =50 - Q Consumer B: Pg = 150 - 2Q Before answering any of the questions, | suggest you draw the appropriate graph and determine the social demand curve. Question 6 2 pts k Refer to Prompt 1. If the marginal cost is equal to $125, what is the socially optimal number of units that will be produced? Question 7 2 pts Refer to Prompt 1. If the marginal cost is equal to $20, what is the socially optimal number of units that will be produced? Question 8 2 pts Refer to Prompt 1. k You were asked about two scenarios in the previous two questions. One where marginal cost equals $20 and another where marginal cost equals $125. In which of these two scenarios would you expect deadweight loss to occur because of this being a public good? O Neither scenario (O Both scenarios (O When marginal cost equals $20 (O When marginal cost equals $125 [ | Question 9 2 pts Refer to Prompt 1. Which consumer is the free rider in this example? (O Consumer A (O Consumer B (O Both consumers (O Neither consumerStep by Step Solution
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