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Author Question: Show that the slope of the market demand curve is the summation of the slopes of individuals' demand ... (Read 83 times)

bio_gurl

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on: Jul 1, 2018
Show that the slope of the market demand curve is the summation of the slopes of individuals' demand curves.
 
  What will be an ideal response?

Question 2

If K-12 education is determined to be an inframarginal positive externality, this means that K-12 education is being underproduced.
 
  a. True b. False


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debra928

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Reply #1 on: Jul 1, 2018
Answer to Question 1

The market demand is given by Q = D1(p) + D2(p) + ... + DN(p), where Di(p) is the demand for consumer i and there are N consumers. The addition rule of derivatives implies that the derivative of the market demand is the sum of derivatives of each individual's demand.

Answer to Question 2

b


bio_gurl

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Reply 2 on: Jul 1, 2018
:D TYSM

Liddy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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