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

question 259

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. How many streetlights should the town install to maximize total surplus from the streetlights?

• A)1 streetlight
• B)2 streetlights
• C)3 streetlights
• D)4 streetlights

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Definitions:

Anaphylaxis

A serious and potentially fatal allergic response that can quickly develop following exposure to a substance that triggers an allergy.

Anisocytosis

A condition marked by a significant variation in the sizes of cells, particularly red blood cells, often an indicator of various types of anemia.

Leukocytes

White blood cells that are part of the immune system and help the body to fight infection and disease.

Erythrocytes

Red blood cells that carry oxygen from the lungs to the body tissues and carbon dioxide as a waste product, back to the lungs.