Examlex

Solved

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.
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
-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?"


Definitions:

Scapula

A flat, triangular bone located in the upper back, also known as the shoulder blade, that connects the humerus with the clavicle.

Levator Scapulae

A muscle located in the back and side of the neck that elevates the scapula (shoulder blade).

Transverse Processes

Lateral projections from the vertebrae to which muscles and ligaments attach, participating in the movement and stability of the spine.

Cervical Vertebrae

The seven vertebrae in the human neck that support the head and allow a range of movements.

Related Questions