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Category > Information Systems Posted 08 May 2017 My Price 3.00

Suppose that 10 people live on a street


Suppose that 10 people live on a street and that each of them is willing to pay $2 for each extra streetlight regardless of the number of streetlights provided. If the cost of providing x streetlights is given by C(x) = x2, what is the Pareto efficient number of streetlights to provide? (HINT: you have to calculate social marginal value and put it equal to marginal cost).

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Alpha Geek
(8)
Status NEW Posted 08 May 2017 10:05 AM My Price 3.00

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file 1494239998-Answer.docx preview (92 words )
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