Just North of the Town of Muskrat, Ontario, in Problem

question 14

Multiple Choice

Just north of the town of Muskrat, Ontario, in Problem 1, is the town of Brass Monkey, population 800. Brass Monkey, like Muskrat, has a single public good, the town skating rink and a single private good, Labatt Ale. Everyone's utility function is U_i(X_i, Y) = X_i - , where X_i is the number of bottles of ale consumed by i and Y is the size of the skating rink in square meters. The price of ale is $1 per bottle. The cost of the skating rink to the city is $8 per square meter. Everyone has an income of at least $5,000. What is the Pareto efficient size for the town skating rink?

• A) 230 square meters.
• B) 110 square meters.
• C) 225 square meters.
• D) 115 square meters.
• E) None of the above.

---

Definitions:

Slide Presentation

A collection of slides created using software like PowerPoint, designed to convey information visually during a presentation.

Altered Memories

The phenomenon where recall of certain memories can be distorted or changed over time, sometimes by misinformation or imagination.

Older Memories

Memories from the distant past, which may remain surprisingly vivid despite the passage of time.

Unreliable Memories

Unreliable memories refer to the phenomenon where recollections of past events are distorted or fabricated, often due to the limitations of human memory storage and retrieval.