mcheyenne2145 mcheyenne2145

05-06-2023
Business

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Suppose Scott and Ray live on the same street. In the winter, both of them like their street plowed. Ray's demand is given by Q = 40 - P and Scott's demand is given by Q=30−2P Suppose the marginal cost of plowing the snow is constant at $5. What is the socially efficient amount of plowing?

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