Suppose 20 people each have the demand Q=20-P for streetlights, and 5 people have the demand Q=18-2P for streetlights. The cost of building each streetlight is $10. If it is impossible to purchase a fractional number of streetlights, how many streetlights are socially optimal?
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Home » Business » Suppose 20 people each have the demand Q=20-P for streetlights, and 5 people have the demand Q=18-2P for streetlights. The cost of building each streetlight is $10.