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Practice Problem of the Day, 10/16/2013

October 17th, 2013 · 4 Comments
Practice Problem of the Day

This video shows how to derive the social benefits (i.e. the market demand curve) from individuals’ valuations of a public good and how to calculate the socially optimal quantity of a public good. The problem is taken from Economics, 4th Edition, by R. Glenn Hubbard and Anthony Patrick O’Brien, and is Ch. 5 problem #4.4.

You can find more practice problems via the Practice Problem of the Day category archive or by visiting the Econ Classroom page. You can also be notified of new practice problems by subscribing to the YouTube channel.

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