Robinsons demand for pineapples is given as q 40 - 4p


Robinson's demand for pineapples is given as Q = 40 - 4P while Friday's is Q = 20 - P. Supply is given as Qs = 6 + P, and Pc = $1.

Find equilibrium price, equilibrium quantity, and the amounts Robinson and Friday will both end up consuming.

Then- suppose Rob and Fri are actually dealing with a public good like fireworks (# of rockets) and they must consume the same quantity. Efficiency requires Robinson's willingness to pay + Friday's willingness to pay must = MRT. What is the new efficient Q, and what will Rob and Fri now each be willing to pay?

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Business Economics: Robinsons demand for pineapples is given as q 40 - 4p
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