Asked by Brett
Suppose fred ethel ricky and lucy have the following demand functions for a public good
Qf= 40-1/2p
Qe= 20-p
Qr= 30-1/2p
Ql= 50-p
The good can be produced at a constant cost of 5 dollars
Calculate the Lindahl Equilibrium
I know that the lindhal is the vertical summation of each price given a quantity but i have no idea how to calculate the EQ
Qf= 40-1/2p
Qe= 20-p
Qr= 30-1/2p
Ql= 50-p
The good can be produced at a constant cost of 5 dollars
Calculate the Lindahl Equilibrium
I know that the lindhal is the vertical summation of each price given a quantity but i have no idea how to calculate the EQ
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