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

question 133

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 24 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:

Leaf Arrangement

The pattern or configuration in which leaves are distributed on the stem of a plant.

Node

A point in a plant where leaves, branches, or stems originate.

Trichomes

Hair-like outgrowths on the epidermis of plants, serving various functions such as reducing water loss and providing protection against herbivores.

Herbivores

Organisms that eat primarily plants or plant-based materials.