Table 11-1 Consider the Town of Anywhere with Only Three Residents, Mary

question 45

Multiple Choice

Table 11-1
Consider the town of Anywhere with only three residents, Mary, Bill, and Tricia. The three residents are trying to determine how large, in acres, they should build the public park. The table below shows each resident's willingness to pay for each acre of the park.

-Refer to Table 11-1.Suppose the cost to build the park is $33 per acre and that the residents have agreed to split the cost of building the park equally.If the residents decide to build a park with size equal to the number of acres that maximizes total surplus from the park,how much total surplus will Mary receive?

• A) -$6
• B) -$3
• C) $3
• D) $10

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Definitions:

Western Knowledge

A system of knowledge that originated in the Western world, characterized by scientific reasoning, empirical evidence, and an analytical approach.

Southern Theory

Refers to a sociological perspective that seeks to highlight and analyze the social theories and knowledge production emerging from the global South, challenging the dominance of Eurocentric viewpoints.

Abstract Texts

Written works that utilize theoretical concepts and complex language to discuss ideas not easily accessible through direct observation.

Edward Said

A Palestinian-American literary theorist and critic, best known for his work on orientalism and post-colonial theory.