Table 11-1 Consider the Town of Anywhere with Only Three Residents, Mary

question 45

Multiple Choice

Table 11-1
Consider the town of Anywhere with only three residents, Mary, Bill, and Tricia. The three residents are trying to determine how large, in acres, they should build the public park. The table below shows each resident's willingness to pay for each acre of the park.

-Refer to Table 11-1.Suppose the cost to build the park is $33 per acre and that the residents have agreed to split the cost of building the park equally.If the residents decide to build a park with size equal to the number of acres that maximizes total surplus from the park,how much total surplus will Mary receive?

• A) -$6
• B) -$3
• C) $3
• D) $10

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Definitions:

Rigid

Describes something that is stiff and inflexible, unable to bend or be forced out of shape easily.

Team Core Values

Fundamental beliefs and principles that guide the behavior and decision-making processes within a team.

Team Involvement

The active participation and engagement of team members in the processes and activities aimed at achieving common goals.

Align

To adjust or arrange something in a straight line, or to bring into agreement or cooperation.