Scenario: Jim and Jane Are the Only Residents of an Apartment

question 43

Multiple Choice

Scenario: Jim and Jane are the only residents of an apartment building. The figures below show their demand curves for security guards (in hours of duty per day) who staff the entrance to the apartment. To answer some of the questions below, it will be useful to find the equations of the two lines in the figure.

-Refer to the figure above.What is the maximum amount of money Jim and Jane together would pay to have 15 hours of security guards' presence?

• A) $32.50 per hour
• B) $28.75 per hour
• C) $16.50 per hour
• D) $10.00 per hour

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Definitions:

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A clause in the U.S. Constitution (Article II, Section 3) that requires the President to enforce all legally enacted laws, even if the president disagrees with them.

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A power granted to the President of the United States to reject a bill passed by Congress, preventing it from becoming law without further congressional action.

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