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suppose that a small town wants to install street lamps, which are nonrival in consumption and nonexcludable. each of the 25 people in the town value street lamps according to the given schedule. street lamps each cost $250 to install. use this information to answer the questions. what is the socially optimal number of street lamps? street lamps suppose that 20 of the 25 townspeople decide that they will not help pay for street lamps, and will instead enjoy (for free) the street lamps built by the other five people. what is the maximum number of street lamps that will be built by the remaining five people? street lamps suppose the town government decides to build street lamps and pay for the street lamps through taxation. how much should each person be taxed to pay for the optimal number of street lamps if everyone is taxed equally?
suppose that a small town wants to install street lamps, which are nonrival in consumption and nonexcludable. each of the 25 people in the town value street lamps according to the given schedule. street lamps each cost $250 to install. use this information to answer the questions. what is the socially optimal number of street lamps? street lamps suppose that 20 of the 25 townspeople decide that they will not help pay for street lamps, and will instead enjoy (for free) the street lamps built by the other five people. what is the maximum number of street lamps that will be built by the remaining five people? street lamps suppose the town government decides to build street lamps and pay for the street lamps through taxation. how much should each person be taxed to pay for the optimal number of street lamps if everyone is taxed equally?
The ideal number ofstreet lampsfrom a social perspective issix.The overall social profit that results from theproductionorconsumptionof associate degree goods or services is referred to as social profit. All private benefits, as well as any external benefits of production or consumption, are included in the social profit. Employees are worth more than just their wage; social benefits are crucial fororganizationsand are a necessary call. Considering that employment supports an individual's health (which translates into performance) within the organization.Externalities are situations in which the costs or benefits imposed by a manufacturing or intensive product or service on others don't appear to be included in the prices charged for suchgoods and services.Wherever theincrementalcost of installing a lamp is sufficient for the value of the road lamp, the amount of street lamps would be the socially optimal range. The added expense is $250. 25 people make up the population, so we can see that 250 people would be served by 6 street lamps.To learn more aboutincremental costplease click on the given link:brainly.com/question/28167612#SPJ4...