Question 1) Assume that the demand functions for a good of two persons, A and B, are as follows respectively. Q=20-P and Q=10-P. The supply of the good is defined as Q=P A.) What is the efficient amount of production of the good if the good is a private good. B.) What is the efficient amount of production of the good if the good is a public good. could you please solve this ?
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Perfect! Literally two weeks of our professor’s contents shrank down to an extremely informative and concrete lecture! I LOVE YOU!
Thank you for the comment and for watching!
So wonderful.
This is what an economics student required. Professor you’re awesome.
Dr. Murugesh
Why does my professor show 1 firm 1 consumer, 2 consumer 2 goods, ... just this video gives all we need
Perfect!! 😁😁
Question 1)
Assume that the demand functions for a good of two persons, A and B, are as follows
respectively. Q=20-P and Q=10-P. The supply of the good is defined as Q=P
A.) What is the efficient amount of production of the good if the good is a private good.
B.) What is the efficient amount of production of the good if the good is a public good.
could you please solve this ?
??
I'm grateful for all that you do, but this video is just too long, making notes from it has become a dissertation..