Answer to Question #124553 in Economics for Nathaniel

Question

Suppose that 10 people live on a street and that each of them is willing to pay GHS 2 for
each extra streetlight, regardless of the number of streetlights provided. If the cost of
providing x streetlights is given by 2 C(x)  x , what is the Pareto efficient number of
streetlights to provide?

Answer 1

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