Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
New Topic  
Frost Frost
wrote...
Posts: 433
4 years ago

How does the construction of a market demand curve for a private good differ from that for a public good?



The market demand curve for a private good is determined by adding up the quantities demanded by each consumer at each price but the market demand curve for a public good is determined by adding up the price each consumer is willing to pay for each quantity of the good.



There is no difference; in both cases the demand curve is determined by adding up the price each consumer is willing to pay for each quantity of the good.



There is no difference; in both cases the demand curve is determined by adding up the quantities demanded by each consumer at each price.



The market demand curve for a private good is determined by adding up the price each consumer is willing to pay for each quantity of the good but the market demand curve for a public good is determined by adding up the quantities demanded by each consumer at each price.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 95 times
1 Reply
Replies
Answer verified by a subject expert
rinderbikrinderbik
wrote...
Posts: 391
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Frost Author
wrote...

4 years ago
Brilliant
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1520 People Browsing
Related Images
  
 125
  
 324
  
 130
Your Opinion
How often do you eat-out per week?
Votes: 81

Previous poll results: Who's your favorite biologist?