Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Question
Chapter 9, Problem 8P
(a)
To determine
Whether the campus should spend $40,000 to clear sidewalks during winter.
(b)
To determine
The decision for clearing up the snow during winter through majority voting in the university.
(c)
To determine
The policy of paying works or not.
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Just north of the town of Muskrat, Ontario, is the town of Brass Monkey,
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There are two consumers of mosquito abatement (a public good), Dave and Lilly. Dave’s benefit from mosquito abatement is given by ??? = 100 − ?, where Q is the quantity of mosquito abatement. Lilly’s benefit is given by ??? = 60 − ?.a. Calculate the total marginal benefit, ???.b. Suppose that mosquito abatement can be provided at a marginal cost of ?? = 2?. Find the socially optimal level of abatement.
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Chapter 9 Solutions
Microeconomics (2nd Edition) (Pearson Series in Economics)
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