Table 11-2 Consider a Small Town with Only Three Families,the Jones Family,the

question 132

Multiple Choice

Table 11-2
Consider a small town with only three families,the Jones family,the Harris family,and the Wong family.The town does not currently have any streetlights so it is very dark at night.The three families are considering putting in streetlights on Main Street and are trying to determine how many lights to install.The table below shows each family's willingness to pay for each streetlight.

-Refer to Table 11-2.Suppose the cost to install each streetlight is $200.How many streetlights should the town install to maximize total surplus from the streetlights?

• A) 1 streetlight
• B) 2 streetlights
• C) 3 streetlights
• D) 4 streetlights

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Definitions:

Pathogens

Microorganisms that cause disease in host organisms, including bacteria, viruses, fungi, and parasites.

Human Language

Human language is a complex system of communication that is capable of expressing a vast and nuanced range of ideas, emotions, and information.

Division of Labor

The allocation of different tasks or jobs to different people or groups, usually to improve efficiency and productivity in work.

Cultural Animals

Suggests that humans are deeply influenced by their cultural contexts, which shape their behaviors, beliefs, and identities.