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Consider a community with ten individuals. Individuals have a budget of 20 dollars. Each individual can either spend money on police (P) or private consumption (c). has the utility function

Question 3 0/1 pts Consider a community with ten individuals. Individuals have a budget of 20 dollars. Each individual can either spend money on police (P) or private consumption (c). has the utility function U (ci, P)-c; + ln(P) where P means P is a public good. Σ pl . This If the price of police are 20, and the price of consumption is 2. What is the total amount of police employed across all 10 individuals? 10

Question 4 0/1 pts Consider the same community. Base on the Samuelson condition, what is the optimal number of police. 100

Please help me with these questions.

the second one is the continuation of the first one.

Thank you

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Answer #1

9 to people, uoct,p) Ct In P, P Public Good, NOCU MRS p.cc-aulo p ーーし aulac P a) Q3.) G4) amuelson Condhion

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