Table 11-1 Consider the Town of Springfield with Only Three Residents, Sophia

question 347

Multiple Choice

Table 11-1
Consider the town of Springfield with only three residents, Sophia, Amber, and Cedric. 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 $9 per acre and that the residents have agreed to split the cost of building the park equally. If the residents vote to determine the size of park to build, basing their decision solely on their own willingness to pay (and trying to maximize their own surplus) , what is the largest park size for which the majority of residents would vote "yes?"

• A)1 acre
• B)2 acres
• C)3 acres
• D)4 acres

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Definitions:

Flooding

A psychological treatment method that exposes patients to their fears intensely and rapidly to help them overcome these fears.

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety through gradual exposure to the feared object or situation combined with relaxation exercises.

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A mental health condition marked by an excessive focus on physical symptoms that cause major emotional distress and difficulties in daily functioning.

Prescription Medication

Drugs and treatments that are prescribed by healthcare professionals to diagnose, treat, or prevent illness and disease, available only with a valid prescription.