This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Determining How Much of a Public Good to SupplyJack and Jill both own businesses on a deserted road ... (Read 430 times)

kms5229

  • Full Member
  • ***
  • Posts: 148
on: Nov 23, 2022
Determining How Much of a Public Good to Supply

Jack and Jill both own businesses on a deserted road and both need a security guard. Once a security guard is hired, the guard will be able to protect both businesses despite who hires the security guard. The table shows the price Jack and Jill are willing to pay for each hour of protection.
Quantity (hours of protection)Jill's willingness to pay (dollars per hour)Jack's willingness to pay (dollars per hour)
176​74​
274​72​
372​70​
470​68​
568​66​
Suppose the security guard has a constant marginal cost of $138 dollars an hour. What is the optimal number of hours of security guard services?
◦ 1 hours
◦ 4 hours
◦ 0 hours
◦ 3 hours
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kms5229 on Nov 23, 2022

koswald

  • Full Member
  • ***
  • Posts: 148
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


kms5229

  • Member
  • Posts: 148
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

In a public aquarium In a public aquarium
What makes tea so good What makes tea so good
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Nuts are also a good source of B group vitamins (including folate), and vitamin E Nuts are also a good source of B group vitamins (including folate), and vitamin E
Determining the Ages of Rocks Using Fossils Determining the Ages of Rocks Using Fossils
Reconstructing genotypes and determining genotype probabilities Reconstructing genotypes and determining genotype probabilities
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library