Homework Answers
76. Correct option: $10
Reason: When market demand is 3, then private good price will be $10, as it is calculated by adding demand for both players
77. Correct option: 12
Reason: At $4, we add market demand for each player to find total market demand. This equals 8+4 = 12
78. Correct option: $14
Reason: In case of public goods, we add different market prices of each consumer at the same quantity demanded.
So, at demand of 3 units, market price = 8+6 = $14
79. Correct option: 8
Reason: At Q = 8, prices are 4 and 0
So, market price = 4+0 = $4
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the answers are correct the work i cant figure out.
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