Suppose that the total benefit to any one person (all people are identical) of a fireworks display is, where g is the dollar amount of fireworks (thus the marginal cost of $1 worth of fireworks is $1). Also suppose that each person in a town pays an equal share of the cost of the display. Does adding more people to the town make each person better off (in terms of net benefits derived from fireworks displays) ? If so, by exactly how much?
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Home » Business » Suppose that the total benefit to any one person (all people are identical) of a fireworks display is, where g is the dollar amount of fireworks (thus the marginal cost of $1 worth of fireworks is $1).