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

question 259

Multiple Choice

Table 11-2
Consider a small town with only three families, the Greene family, the Brown family, and the Black 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 $900. 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:

Antecubital Fossa

The inner area of the elbow where veins are commonly accessed for blood drawing or intravenous lines.

Disoriented

Confused with regard to one's sense of time, place, or identity.

Heart Rate

The number of heartbeats per minute, indicating the heart's health and how effectively it pumps blood.

Beats/Minute

A measurement of heart rate indicating the number of heartbeats occurring within one minute.