What is the social marginal benefit of consumption

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Reference no: EM133734340

Discussion Post: Social Marginal Benefit and Optimal Provision

Consumer 1's demand for a public good is QD = 320 - 10P, and consumer 2's demand is QD =40-12P.

What is the social marginal benefit of consumption? If SMC = 7, what is the socially optimal provision of the public good?

Reference no: EM133734340

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