Respuesta :
6 street lamps are the socially optimal number of street lamps , which are nonrival in consumption and nonexcludable.
The entire profit to society from making or victimization associate degree items or services is thought of as social profit. All non-public advantages, furthermore as any external advantages of production/consumption, square measure enclosed within the social profit. workers worth quite simply their salary; social perks have big in importance for businesses and square measure an essential call. Considering employment provides for one's well-being (which interprets into performance) at the organisation
Externalities square measure circumstances during which the result of a manufacturing or intense product and services imposes prices or advantages on others that don't seem to be drawn within the costs charged for such products and services.
The socially best range of street lamps would be the amount, wherever the incremental cost of putting in a lamp is adequate the utility of the road lamp. The incremental cost is $250. There square measure twenty-five folks, thus we are able to see that for 6 street lamps, the utility would be 250.
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Answer:
The socially optimal number of street lamps will be 6
The maximum number of street lamps that will be built by the remaining five people will be 0
Each person be taxed to pay for the optimal number of street lamps if everyone is taxed equally will be $60
