# Goat Graphs Galore! Adding cost to the commons

Goat Graphs Galore! Adding cost to the commons

Well now, those goats sure eat a lot. I said in the last goat post that I would do another table showing net goat profit when we factored in price. I set the price of raising a goat at $0.40. I thought this was necessary for us to look at the marginal benefit and marginal cost of 1 additional goat. So here’s the table:

and here it is in awesome graphical form:

I can’t exactly tell you what this graph means, but it is awesome looking. You can look at the axes titles to see what is what, but I don’t know how much more it tells us about the common problem. I will leave you with the great philosophical question: Is this a goat climbing up a graph or a goat sliding down a graph?

Posted on October 16, 2011, in Uncategorized and tagged common pool resource, CPR, game theory, goat, prisoners' dilemma, tragedy, tragedy of the commons, utility. Bookmark the permalink. Leave a comment.

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