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

question 324

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 $360 and the families have agreed to split the cost of the streetlights equally. If the families vote to determine the number of streetlights to install, basing their decision solely on their own willingness to pay (and trying to maximize their own surplus) , what is the greatest number of streetlights for which the majority of families would vote "yes?"

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

---

Definitions:

ALT+RIGHT ARROW

A keyboard shortcut often used to move forward through tabs, history, or elements within a software application.

CTRL+DOWN ARROW

A keyboard shortcut used to quickly navigate to the next filled cell in a column within spreadsheet applications.

ALT+DOWN ARROW

A keyboard shortcut used to open a drop-down list or to initiate a specific action within software applications.

ALT+CTRL+PAGE DOWN

ALT+CTRL+PAGE DOWN is a keyboard shortcut often used in software applications to move to the next pane or document window.