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Ice Cream Ice Cream Cones
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Lecture 8: Public Goods - Harvard University
scholar.harvard.eduof ice cream cone Price of ice cream cone Price of ice cream cone Quantity of cones Quantity of cones Quantity of cones $2 $2 $2 0 2 0 1 0 3 DB J E S =SMC DB&J =SMB To find social demand curve, add quantity at each price v sum horizontally. Horizontal Summation in the Private Goods Market 7.1 v[ D P]vo Benefit: Ç[ D P]vo Benefit Market
Lecture 2: Convex sets - University of Illinois Urbana ...
www.ifp.illinois.eduNorm Cones A norm cone is the set of the form C = {(x,t) ∈ Rn × R | kxk ≤ t} • The norm k · k can be any norm in Rn • The norm cone for Euclidean norm is also known as ice-cream cone • Any norm cone is convex Convex Optimization 15