Business, 31.05.2021 01:50, GingerSnaps
On the basis of the three Individual demand schedules below, and assuming these three people are the only ones in the society, determine (a) the market
demand schedule on the assumption that the good is a private good and (b) the collective demand schedule on the assumption that the good is a public good.
Instructions: Enter your answers as whole numbers in the gray-shaded cells).
Individual #1
Individual #2
Individual #3
Price Qd Price
Qd Price Qd
(b) Public Demand
(a) Private Demand
Qd
Price
Price
Qd
0
$8
1
$8
1
$8
$8
7
+
1
0
7
2
7
2
7
2
6
6
3
3
6
3
ono
5
5
4
4
5
4
CON
4
4
5
4
5
4
5
ูู
ุง
4
3
6
CO
6
3 2
3 2
2
5
2
7
7
7
1
6
1
8
1
8
1
8
Answers: 1
Business, 22.06.2019 09:40, Tyrant4life
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
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