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Bill’s demand for hamburgers (a private good) is Q = 20 – 2P and Ted’s demand...

Bill’s demand for hamburgers (a private good) is Q = 20 – 2P and Ted’s demand is Q =10 – P.a. Write down an equation for the social marginal benefit of the consumption of hamburgers. b. Now suppose that hamburgers are a public good. Write down an equation for thesocial marginal benefit of hamburger consumption.s

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Rahul Sunny answered 3 months ago
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