Suppose demand for a public park (assume it is a pure public good)for two groups of consumers (A and B)is given by:
Q_A = 4 - 0.5P
Q_B = 7 - P
where Q is the number of hectares each group would like to see incorporated into the park.If the marginal cost to provide the park is a constant $3/ha,what is the socially efficient number of hectares for the park?

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The Answer of Suppose demand for a public park (assume it is a pure public good)for two groups of consumers (A and B)is given by: Q_A = 4 - 0.5P Q_B = 7 - P where Q is the number of hectares each group would like to see incorporated into the park.If the marginal cost to provide the park is a constant $3/ha,what is the socially efficient number of hectares for the park?

Suppose Demand for a Public Park (Assume It Is a Pure