Billrsquos demand for hamburgers a private good is q 21, Business Economics

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Billrsquos demand for hamburgers a private good is q 21

Bill’s demand for hamburgers (a private good) is Q = 21 – 6P and Ted’s demand is Q = 6 -3P. (a) Write an equation for the social marginal benefit of hamburger consumption. (b) If hamburgers are a public good, what is the equation for the social marginal benefit of hamburger consumption?

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Business Economics: Billrsquos demand for hamburgers a private good is q 21

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