Of the four cells of the table, which gives the greatest combined benefits to Eleanor and Kyoko? O When Eleanor contributes to the public park and Kyoko doesn't, or vice versa O When neither Eleanor nor Kyoko contributes to the public park O When both Eleanor and Kyoko contribute to the public park Now, consider the incentive facing Eleanor individually. The following table looks similar to the previous one, but this time, it is partially completed. with the individual benefit data for Eleanor. As shown previously, if both Eleanor and Kyoko contribute to a public good, Eleanor receives benefit of $640. On the other hand, if Kyoko contributes to the public park and Eleanor does not, Eleanor receives a benefit of $720. Complete the right-hand column of the following table, which shows the individual benefits of Eleanor. Hint: You are not required to consider the benefit of Kyoko. Eleanor Contribute $640,-- Doesn't contribute $720,-- Contribute Kyoko Doesn't contribute $ $ If Kyoko decides to contribute to the public park, Eleanor would maximize her benefit by choosing other hand, if Kyoko decides not to contribute to the public park, Eleanor would maximize her benefit by choosing park. These results illustrate to the public park. On the to the public
Of the four cells of the table, which gives the greatest combined benefits to Eleanor and Kyoko? O When Eleanor contributes to the public park and Kyoko doesn't, or vice versa O When neither Eleanor nor Kyoko contributes to the public park O When both Eleanor and Kyoko contribute to the public park Now, consider the incentive facing Eleanor individually. The following table looks similar to the previous one, but this time, it is partially completed. with the individual benefit data for Eleanor. As shown previously, if both Eleanor and Kyoko contribute to a public good, Eleanor receives benefit of $640. On the other hand, if Kyoko contributes to the public park and Eleanor does not, Eleanor receives a benefit of $720. Complete the right-hand column of the following table, which shows the individual benefits of Eleanor. Hint: You are not required to consider the benefit of Kyoko. Eleanor Contribute $640,-- Doesn't contribute $720,-- Contribute Kyoko Doesn't contribute $ $ If Kyoko decides to contribute to the public park, Eleanor would maximize her benefit by choosing other hand, if Kyoko decides not to contribute to the public park, Eleanor would maximize her benefit by choosing park. These results illustrate to the public park. On the to the public
Chapter13: General Equilibrium And Welfare
Section: Chapter Questions
Problem 13.12P
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