Suppose Andy's and Ben's marginal benefits (in dollars) from a neighborhood water fountain are given as follows:
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Question:
Suppose Andy's and Ben's marginal benefits (in dollars) from a neighborhood water fountain are given as follows: Andy: MB = 26 - 2Q Ben: MB = 18 - Q where Q denotes the diameter of the fountain to be installed.
Suppose that Q = 15.7m, the marginal benefit of an additional unit of the diameter of the fountain to the society is [Answer] dollars.
Continue with the previous question. Suppose that Q = 6.2m, the marginal benefit of an additional unit of the diameter of the fountain to the society is[Answer]dollars.
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