Table 11-2
Consider the City of Widgetapolis with Only Four

question 165

True/False

Table 11-2
Consider the city of Widgetapolis with only four residents, John, James, Mary, and Lydia. The four residents are trying to determine how many hours to spend in cleaning up the public lake. The table below shows each resident's willingness to pay for each hour of cleaning.
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$$\begin{array} { l l l l l } \hline \text { Hours } & \text { John } & \text { James } & \text { Mary } & \text { Lydia } \\\hline 1 & \$ 30 & \$ 50 & \$ 40 & \$ 10 \\2 & 25 & 40 & 37 & 9 \\3 & 20 & 30 & 34 & 8 \\4 & 15 & 20 & 30 & 7 \\5 & 9 & 10 & 25 & 6 \\6 & 3 & 0 & 15 & 5 \\7 & 0 & 0 & 5 & 4 \\\hline\end{array}$$ ​
-Refer to Table 11-2. Suppose the cost to clean the lake is $8 per hour and that the residents have agreed to split the cost of cleaning the lake equally. The number of cleaning hours that maximizes total surplus of Widgetapolis is 7 hours.

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Definitions:

Social Status

The position or rank of a person or group within the societal hierarchy, influenced by factors such as wealth, occupation, education, and ancestry.

Preference

Describes an individual's selection or tendency towards a choice or option among various alternatives based on personal taste or value.

Sons

Male offspring in relation to their parents.

Self-Silencing

The act of suppressing one's thoughts, feelings, or needs to maintain relationships or avoid conflict.