On the basis of the three Individual demand schedules below, and assuming these three people are the only ones in the society, determine (a) the market demand schedule on the assumption that the good is a private good and (b) the collective demand schedule on the assumption that the good is a public good.
Instructions: Enter your answers as whole numbers in the gray-shaded cells).
Individual #1
Individual #2
Individual #3
Price Qd Price
Qd Price Qd
(b) Public Demand
(a) Private Demand
Qd
Price
Price
Qd
0
$8
1
$8
1
$8
$8
7
+
1
0
7
2
7
2
7
2
6
6
3
3
6
3
ono
5
5
4
4
5
4
CON
4
4
5
4
5
4
5
كما
4
3
6
CO
6
3 2
3 2
2
5
2
7
7
7
1
6
1
8
1
8
1
8

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should

Witch design elements is used to organize used to organize the text in orderly fashion?

In march 2018, the phillips tool company signed two purchase commitments. the first commitment requires phillips to purchase inventory for $110,000 by june 15, 2018. the second commitment requires the company to purchase inventory for $160,000 by august 20, 2018. the company's fiscal year-end is june 30. phillips uses a periodic inventory system. the first commitment is exercised on june 15, 2018, when the market price of the inventory purchased was $90,000. the second commitment was exercised on august 20, 2018, when the market price of the inventory purchased was $125,000. required: prepare the journal entries required on june 15, june 30, and august 20, 2018, to account for the two purchase commitments. assume that the market price of the inventory related to the outstanding purchase commitment was $144,000 at june 30. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)