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

question 170

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 following table shows each resident's willingness to pay for each acre of the park.
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-Refer to Table 11-1. Suppose the cost to build the park is $24 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)0 acres
• B)1 acre
• C)2 acres
• D)3 acres

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Definitions:

Caring

Exhibiting kindness and concern for others, reflecting an attitude of empathy, compassion, and a willingness to help or be there for someone.

Intimacy

Close familiarity or friendship; closeness, often referring to the feeling of emotional connectedness and physical closeness in romantic relationships.

Mutual Emotional

Pertaining to or involving shared feelings or emotions between individuals, often implying reciprocity and a deep connection.

Reiss's Wheel

A theory in social psychology that outlines four stages of developing interpersonal relationships: rapport, self-revelation, mutual dependency, and personality need fulfillment.