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

question 284

Multiple Choice

Table 11-2
Consider a small town with only three families, the Johnson family, the Marshall family, and the Walker 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 $300 and the families have agreed to split the cost of installing the streetlights equally.To maximize their own surplus,how many streetlights would the Marshall's like the town to install?

• A) 0 streetlights
• B) 1 streetlight
• C) 2 streetlights
• D) 3 streetlights

---

Definitions:

Drugs

Drugs refer to substances that have physiological effects when ingested or otherwise introduced into the body, used for medical purposes or recreation.

Eating Disorder

A range of psychological disorders characterized by abnormal or disturbed eating habits, which can significantly impact one's health and well-being.

Westernized

The process or result of adopting the cultural, economic, or political systems of Western countries, often implying significant changes in social norms, behaviors, or ways of thinking.

Immune

Having resistance or insusceptibility to a particular disease or condition due to the presence of specific antibodies or sensitized white blood cells.