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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.
-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.
Strangers
Individuals who are unknown or unfamiliar to someone.
Hypnotic Induction
A process through which a practitioner leads a person into a state of heightened suggestibility and relaxation, marking the beginning of a hypnosis session.
Dissociate
To dissociate is to experience a disconnection or separation between thoughts, memories, surroundings, actions, or sense of identity.
Hypnosis
A trance-like state of focused attention and increased suggestibility, often used for therapeutic purposes.
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