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EleoNora [17]
3 years ago
13

Suppose Dexter and Amy are the only members of a community that is trying to determine how much of a public good should be produ

ced. Dexter's (inverse) demand curve is given by P = 50-5Q, while Amy's (inverse) demand curve is given by P = 150-15Q, where P is price or marginal benefit and Q is the quantity of the good. The marginal cost of producing the public good is constant at $80. Amy will vote for the efficient quantity of the public good if the price to her is:
a. $20.
b. $40.
c. $60.
d. $80.
Business
1 answer:
Olin [163]3 years ago
4 0

Answer:

c.

Explanation:

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3 years ago
Which statement is false?
Naddik [55]

It is true that a society accepts minimum wage laws as a method of determining wages because the law is made to determine the wages.


The market value of a good has a direct relationship with the wages; hence it is true that the market value of a good determines wages.

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Employee productivity also has a direct relation with the quality of the work and hence it also determines the wages.

It is true according to the law that the price floor determines the minimum wage.


Hence the only False statement is:

The quality of a good determines wages.



7 0
3 years ago
Read 2 more answers
No hablo lo siento...........
makvit [3.9K]
Está bien, mi amigo!!
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