Was seeing if I could get some help for problem 5? Two types of consumers (worke
ID: 1189006 • Letter: W
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Was seeing if I could get some help for problem 5?
Two types of consumers (workers and retirees) share a community with a polluting cheese factory. The pollution is nonrival and nonexcludable. The total damage to workers is p2 where p is the amount of pollution and the total damage to retirees is 3p2. Thus marginal damage to workers is 2p and marginal damage to retirees is 6p. According to an analysis by consulting engineers, the cheese factory saves 20p - p2 by polluting p. for a marginal savings of 20 - 2p....Explanation / Answer
Was seeing if I could get some help for problem 5? Two types of consumers (worke
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