Public Good. This good being distributed is a pure public good. Once produced it can be offered to anyone without a reduction in quantity. A firm offers free videos to customers. It costs the firm $5 per video to supply.
Public Good . This good being distributed is a pure public good . Once produced it can be offered toanyone without a reduction in quantity . A firm offers free videos to customers . It costs the firm 55 pervideo to supply .# of videos per weekI1FE.Customer # 1FCustomer # 2222111Customer # 3)322Value of GoodTotal Value ( V X Q]Marginal Value*Production Decision , MV = MC : Q* =_ Total Value* =\Total Cost of Production =\Total Taxes from each resident = TV /3 =\Resident Total Valuation = # 1 =` # 2 =Vote on Output level ( Y’ or N ) # 1 =`# 2 =` # 3 =\Impact on Budget = Total Taxes – Total Cost =
