(Solved): 3. (4 points) Assume that the constant marginal cost of providing a public pool is $2. The enjoyment ...

3. (4 points) Assume that the constant marginal cost of providing a public pool is $2. The enjoyment of pool users falls with more people at the pool such that each person’s enjoyment level in dollars is given as Enjoyment = 11 – Q, where Q is the number of people in the pool. a) (2 points) How many people will enter the pool? b) (2 points) What would be the socially optimal number of people in the pool?