Three individuals consume a public good, and their demands are expressed as P1 1 5 0 005Q (for Q 300) P 4 5 0 007Q (for Q 643) P3 3 0 0 002Q (for Q 1500), where P represents price in dollars per unit and Q represents output in units per day The marginal cost of providing the service is given as a constant $5 00 per unit Determine the efficient level of output of this public good

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Three individuals consume a public good, and their demands are expressed as: P1 = 1.5 - 0.005Q (for Q < 300); P = 4.5

Three individuals consume a public good, and their demands are expressed as: P1 = 1.5 - 0.005Q (for Q < 300); P = 4.5 0.007Q (for Q < 643); P3 3.0 = 0.002Q (for Q

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