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Society is made up of two individuals, Bert and Ernie, whose demands for public good A are given
in the figure on the right. Bert's demand is: QAB=502.0PA Ernie's demand is: QAE=501.0PA
Assume that the public good can be produced at a constant marginal cost of $10. The optimal
level of output is units. (Round your response to the nearest integer.)

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Society is made up of two individuals Bert and Ernie whose.pdf

  • 1. Society is made up of two individuals, Bert and Ernie, whose demands for public good A are given in the figure on the right. Bert's demand is: QAB=502.0PA Ernie's demand is: QAE=501.0PA Assume that the public good can be produced at a constant marginal cost of $10. The optimal level of output is units. (Round your response to the nearest integer.)