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Author Question: Determining How Much of a Public Good to SupplyJack and Jill both own businesses on a deserted road ... (Read 522 times)

kms5229

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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
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Marked as best answer by kms5229 on Nov 23, 2022

koswald

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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.
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kms5229

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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