Question: please be specific and it is a complete question: 2. Fireworks in the Park: Aggregating Demand for Public Goods Consider the following marginal benefit (demand)
please be specific and it is a complete question:


2. Fireworks in the Park: Aggregating Demand for Public Goods Consider the following marginal benefit (demand) curves of two individuals for a certain good: MBA(q) = 100 - q and MBB(q) = 300 - q. First assume this is a private (rival) good, such as Crispy Tofu.it) Find the Aggregate demand route for Crispy Tofu. Hints: one = on + on. draw both curves on a graph to via utilize them better (optional). From now on assume this Is a public (nonrival) good, such as Fireworks in the Park. In) Find the Aggregate demand curve for Fireworks In The Park (Marginal Social Benet curve). Hints: MSB = MBa+n = MBn + Mlle. draw both curves on a graph to visualize them better (optional). c) Assuming no cooperation between person A and 13. who will provide the good and who will free ride? Consider the Marginal Private Costs of providing Fireworks In The Park. "C(q) = 50 + q. d) Find q\". the amount of Fireworks in the Park provided by the Market. when individuals provide the good with no cooperao'on and act only in their self-interest. e) What Is the efcient level of Fireworks in the Park. :1\"? f} Person B brings a friend to the park (person C}, with the same MB curve as theirs (MBc = 300 - q). Find the new quantity provided by the Market to") and the new efcient level of Fireworks in the Park 01"). 3) Despite being visually appealing. reworks are known to cause negative externalities such as noise pollution and increased deaths by heart attacks in dogs. We estimated the marginal external costs of Fireworks in the Park, MEC (q) = 70 + q. What is the new efcient level of Fireworks in the Park? Consider the M58 curve found In part i. which includes person C. How does this new efficient allocation compare to the Market equilibrium. q". found in
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