What is the socially optimal level of police provision

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Reference no: EM131190502

Alfie, Bill, and Coco each value police protection differently. Alfie's demand for the public good is Q = 55 - 5P, Bill's demand is Q = 80 - 4P, and Coco's demand is Q = 100 - 10P.

If the marginal cost of providing police protection is $13.50, what is the socially optimal level of police provision?

Under Lindahl pricing, what share of the tax burden would each of the three people pay?

Reference no: EM131190502

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