Suppose that james and bob live on the same street in the, Ask an Expert

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Suppose that James and bob live on the same street. In the winter both of them like the show on their street to be plowed. Bobs demand is given by Q=40-p and James demand ha given by Q=30-2p. Suppose that the marginal cost of plowing the snow is constant at $35

A) using the inverse demand for each solve for the social marginal benefit curve

B) What is the socially efficient amount of plowing?

C) Suppose the input costs of plowing fell and marginal cost a of plowing were now constant at $5

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91722159

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