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What is the optimal quantity of the public good

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Reference no: EM133126257

In the table below, fill in the numeric answers in the "Willingness to Pay"  (WTP) blanks where indicated. WTPx, WTPy, WTPz  represent three different individual's "willingness to pay".

Q

MC

WTPx

WTPy

WTPz

Collective WTP

1

28

24

15

17

 

2

35

16

 

9

34

3

37

 

7

6

27

4

39

12

5

 

21

5

43

11

4

3

 

What is the optimal quantity of the public good that should be provided? 

Reference no: EM133126257

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