The marginal private benefits for a good is represented by MPB = 80 - Q while the

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The marginal private benefits for a good is represented by MPB = 80 - Q while the marginal social benefits for the good is MSB = 89-Q. Additionally the marginal cost of consuming good A is represented by the equation MC = 20 + 2Q.

A. What is the level of consumption that will occur if only the private benefits are considered?

B. What is the efficient amount?

Related Book For answer-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Posted Date: Feb 22, 2024 04:42 AM

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The marginal private benefits for a good is represented by MPB = 80 - Q while the

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