EBK MICROECONOMICS
9th Edition
ISBN: 8220103630955
Author: Rubinfeld
Publisher: PEARSON
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Question
Chapter 18, Problem 10E
(a)
To determine
The efficient number of hours of public television.
(b)
To determine
The competitive market number of hours of public television.
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Students have asked these similar questions
BN10.1
There are three groups in a community. Their demand curves for public
television in hours of programming, T, are given respectively by
W₁ = $200 - T,
W₂= $240-2T,
W3 = $320-2T.
Suppose public television is a pure public good that can be produced at a
constant marginal cost of $200 per hour.
a. What is the efficient number of hours of public television?
b. How much public television would a competitive private market
provide?
There are three groups in a community. Their demand curves for public television in hours of programming, T, are given respectively by
W₁
= 200 - T
W₂
= 240 - T
W3 = 320 - T
Suppose public television is a pure public good that can be produced at a constant marginal cost of $210 per hour.
What is the efficient number of hours of public television?
The efficient number of hours is (Enter your response rounded to two decimal places.)
How much public television would a competitive private market provide?
Assuming a competitive private market would provide public television, it would produce
hours of public television. (Enter your response rounded
Use your demand schedule for a public good, determined in question 1, and the following supply schedule to ascertain the optimal quantity of this public good. Why is this the optimal quantity?
Chapter 18 Solutions
EBK MICROECONOMICS
Ch. 18 - Prob. 1RQCh. 18 - Compare and contrast the following three...Ch. 18 - Prob. 3RQCh. 18 - Prob. 4RQCh. 18 - Prob. 5RQCh. 18 - Prob. 6RQCh. 18 - George and Stan live next door to each other....Ch. 18 - Prob. 8RQCh. 18 - Prob. 9RQCh. 18 - Prob. 10RQ
Ch. 18 - Prob. 11RQCh. 18 - Prob. 12RQCh. 18 - Prob. 13RQCh. 18 - Prob. 14RQCh. 18 - Prob. 15RQCh. 18 - Prob. 1ECh. 18 - Prob. 2ECh. 18 - Prob. 3ECh. 18 - Four firms located at different points on a river...Ch. 18 - Medical research has shown the negative health...Ch. 18 - The market for paper in a particular region in the...Ch. 18 - Prob. 7ECh. 18 - Prob. 8ECh. 18 - A beekeeper lives adjacent to an apple orchard....Ch. 18 - Prob. 10ECh. 18 - Prob. 11ECh. 18 - Prob. 13E
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