rivate Good. the ble below are ECONOBREAD, which is produced by the local government. The weekly amount of bread loaves demanded per week is provided for each price. It costs you $4 to produce each loaf of bread. There are no fixed costs.|| Price ($/loaf of bread per week) 9 8 7 6 5 4 3 2 1 #1 Demand 2 2 2 2 2 3 3 3 3 #2 Demand 1 1 1 2 2 2 2 2 3 #3 Demand 1 2 2 2 2 2 3 3 3 #4 Demand 1 1 1 1 2 2 2 2 2 #5 Demand 2 3 3 3 3 3 4 4 N NO wNNNO NNNNN WNWNWW ANWWW Demand QC 7 8 9 10 11 12 13 14 15 Competitive Solution: P = MC, Qc = 12 Pc = 4 Total Cost of Production = 4(12) = 48 Total Taxes from each resident = TC/5 = 9.6 Resident Total Valuation = #1 = 3x4 = 12, #2 = = #3 = ___, #4 = _ , #5 = Vote on Production (Y or N)#1 = Y, #2 = ___, #3 = ___, #4 =. , #5 = rivate Good. the ble below are ECONOBREAD, which is produced by the local government. The weekly amount of bread loaves demanded per week is provided for each price. It costs you $4 to produce each loaf of bread. There are no fixed costs.|| Price ($/loaf of bread per week) 9 8 7 6 5 4 3 2 1 #1 Demand 2 2 2 2 2 3 3 3 3 #2 Demand 1 1 1 2 2 2 2 2 3 #3 Demand 1 2 2 2 2 2 3 3 3 #4 Demand 1 1 1 1 2 2 2 2 2 #5 Demand 2 3 3 3 3 3 4 4 N NO wNNNO NNNNN WNWNWW ANWWW Demand QC 7 8 9 10 11 12 13 14 15 Competitive Solution: P = MC, Qc = 12 Pc = 4 Total Cost of Production = 4(12) = 48 Total Taxes from each resident = TC/5 = 9.6 Resident Total Valuation = #1 = 3x4 = 12, #2 = = #3 = ___, #4 = _ , #5 = Vote on Production (Y or N)#1 = Y, #2 = ___, #3 = ___, #4 =. , #5 =