Table 11-2 Consider a Small Town with Only Three Families, the Greene

question 23

Multiple Choice

Table 11-2
Consider a small town with only three families, the Greene family, the Brown family, and the Black family. The town does not currently have any streetlights so it is very dark at night. The three families are considering putting in streetlights on Main Street and are trying to determine how many lights to install. The table below shows each family's willingness to pay for each streetlight.
-Refer to Table 11-2. Suppose the cost to install each streetlight is $900 and the families have agreed to split the cost of installing the streetlights equally. To maximize their own surplus, how many streetlights would the Black's like the town to install?

• A)0 streetlights
• B)1 streetlight
• C)2 streetlights
• D)3 streetlights

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Definitions:

Slander

The verbal communication of false statements harmful to a person's reputation.

Untruthful Statements

Declarations or claims that are not accurate, misleading, or false.

Trespass

An unlawful entry onto someone's property without permission.

Accidental Tunneling

Unintended or unexpected creation of a passage or communication channel, often used in the context of computer networks or security breaches.