Scenario 1 Suppose there are three residents in a neighborho…

Scenario 1 Suppose there are three residents in a neighborhood, Isabelle, Joe, and Kennedy. They are considering the allocation of a certain public good in the neighborhood. Isabelle’s demand for the public good is Q = 60 – 4P. Joe’s demand for the public good is Q = 30 – 2P. Kennedy’s demand for the public good is Q=15 – P.