Question
What is the consumer surplus for each person based on the quantity determined in (a which is 8) and the price determined in (b which
What is the consumer surplus for each person based on the quantity determined in (a which is 8) and
the price determined in (b which is 12)?
Given that this is a public good, if either one of the two people does not pay the price you
have stated in (b which is 12), can they be prevented from consuming the good?
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
