public good. Each individual has an identical preference about the mosquito control, given by MB = 50-G, where MB is their marginal benefit from mosquito control and G is the quantity of mosquito control. If the cost of mosquito control is $250 per unit then the socially optimal level of mosquito control is units. (Answe up to 2 decimal places.)

public good. Each individual has an identical preference about the mosquito control, given by MB = 50-G, where MB is their marginal benefit from mosquito control and G is the quantity of mosquito control. If the cost of mosquito control is $250 per unit then the socially optimal level of mosquito control is units. (Answe up to 2 decimal places.)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter19: Externalities And Public Goods

Section: Chapter Questions

Problem 19.6P

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