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About Public Economics
The document contains 3 problems related to public goods and externalities. Problem 1 asks about the market demand and efficient production level for a good X under private and public good scenarios. It finds the efficient level is 40 units as a private good and 24 units as a public good, and that free provision leads to 65 units consumed with deadweight loss of 250. Problem 2 examines market demand for milk powder consumed by 2 households and finds the efficient privately provided level is 30 boxes at a price of $10. Free provision leads to overconsumption with deadweight loss. Problem 3 analyzes cleaning services for a shared yard, finding the efficient level is 5 services split equally between households. One household feigning lower
Detailed Information
| Author: | ['Khánh Lê Nam'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 23 |
| Language: | English |
| Format: | |
| Price: | FREE |
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