Environmental Management

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You can work on the homework with others, but each person must turn in their own answers in their own words. You may not directly copy answers from someone else.

  1. Alice and her brother Brad both love Mac and Cheese. Alice’s demand for Mac and Cheese is P = 9-3Q while Brad’s demand is P = 9-Q, where P is the maximum willingness to pay for Mac and Cheese and Q is the quantity demanded.
  1. [3 points] Is Mac and Cheese a public or private good? Why?

   B.  [4 points] What is Alice and Brad’s aggregate demand for Mac and Cheese?

C.  [3 points] Graph the aggregate demand curve for Mac and Cheese. Be sure to label your graph.