$$The marginal cost of providing parks is $()=10+10$ Park area is a public good. That is$,$ if the city of Econoville provides park area, all of the residents can enjoy the area. If the city of Econoville does not offer public park area, how much area of parks will each individual resident maintain on their own? What is the optimal level of public parks in Econoville?

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To determine the amount of park area each individual resident will maintain on their own if the city ... View the full answer