Number of hamburger patties

Reference no: EM133629483

Post Junction is a small town high in mountains. The town is quite isolated, and its 700 residents consume only two goods, hamburger patties (a private good) and open-air rock concerts (a public good). Each resident has quasilinear preferences and a utility function given by u(h,r)=h-502r , where h is the number of hamburger patties and r is the length (in minutes) of each rock concert.

Reference no: EM133629483

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Number of hamburger patties : utility function given by u(h,r)=h-502r , where h is the number of hamburger patties and r is the length (in minutes) of each rock concert

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