Table 11-1 Consider the Town of Anywhere with Only Three Residents, Mary

question 332

Multiple Choice

Table 11-1
Consider the town of Anywhere with only three residents, Mary, Bill, and Tricia. 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 $15 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:

Systematic Desensitization

A behavioral therapy technique that gradually exposes the individual to the object of their fear in a controlled manner, alongside relaxation exercises, to reduce phobic responses.

Flooding

An exposure therapy technique used in psychology to treat phobias and anxiety by exposing the patient to their fear at full intensity.

Social Skills Training

A behavioral therapy that teaches individuals the skills needed for effective social interactions and communication.

Social Skills Training

A behavioral therapy used to improve interpersonal skills through practice and instruction in areas such as communication, assertiveness, and empathy.