QUESTION 12 Price per foot in height Height in feet demanded Moe\'s demand Jacks

Question

QUESTION 12 Price per foot in height Height in feet demanded Moe's demand Jacks Manny's demand 5 feet 4 feet 4 feet 3 fee 2 feet 1 foot O feet S10 $20 2 feet Manny, Moe and Jack constitute the market for a retaining wall which is considered to be a private good. The price per foot in height of the retaining wall and their demand for the retaining wall is described in the table above. If the price of the wall is $10 per foot, what is the efficient height of the retaining wall assuming that the retaining wall is a private good? 9 feet 3 feet O5 feet O 12 feet 6 feet

Explanation / Answer

Answer
the market demand for the Private good is the sum of individual demands
at $10,
Qd=4+3+2=9 feet
Option first

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