(Answered) The town of trommald mn has two residents butch and harry

Economics

The town of Trommald, MN, has two residents, Butch and Harry. For the town's Fourth of July Celebration, Butch has a demand for fireworks, a public good, of Q = 20-4P, and Harry has a demand of Q= 18-2P. The cost of each firework is $3.

a. What is the private optimum of fireworks for the town?

b. If it is impossible to purchase a fractional number of fireworks, what is the social optimum of fireworks for the town?

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Business Economics, Economics

Category:- Business Economics
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