Exhibit 25-1 -A Professor Is Trying to Decide Which Tutorial Web Site

question 10

Multiple Choice

Exhibit 25-1
$\begin{array}{|c|c|c|c|}\hline & & \text { Web Site } & \\\hline \text { Student } & \mathbf{A} & \mathbf{B} & \mathbf{C} \\\hline 1 & \$ 120 & \$ 100 & \$ 80 \\\hline 2 & 60 & 140 & 100 \\\hline 3 & 40 & 160 & 50 \\\hline 4 & 80 & 40 & 180 \\\hline\end{array}$
-A professor is trying to decide which tutorial Web site to post for an economics course. Exhibit 25-1 is a demand-revealing mechanism representing students' truthful answers about their preferences for three different sites. Which site has the highest total willingness to pay?

• A) A
• B) B
• C) C

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Definitions:

Executive Summary

A brief, comprehensive synopsis of a report or proposal, highlighting its key points, findings, and recommendations.

Title Page

The first page of a document that includes the title, author, and often times the publication date and publisher.

Table of Contents

A list found at the beginning of a document, book, or report, detailing the titles or descriptions of its sections and the pages on which they start.

Held-to-maturity

A classification for investment securities that a company has the intent and ability to hold until they mature, typically applicable to debt securities.