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A village has five residents, each of whom has an accumulated savings of $50. Each villager can use the money to buy a government bond that pays 10% interest per year or to buy a year-old goat, send it onto the commons to graze, and sell it after one year. The price of the goat that the villager will get at the end of the year depends on the amount of weight it gains while grazing on the commons, which in turn depends on the number of goats sent onto the commons, as shown in table below. Assume that if a villager is indifferent between buying a bond and buying a goat, the villager will buy a goat. If each villager is purely self-interested, how many goats will be sent onto the commons?
Primary Alcohols
Organic compounds that contain a hydroxyl group (-OH) bound to a primary carbon atom, which is connected to only one alkyl group.
Methyl Iodide
A volatile and dense organoiodine compound with the chemical formula CH3I, used as a methylation agent in organic synthesis.
Nucleophilic Target
An atom or region in a molecule that attracts and bonds with nucleophiles, compounds with a pair of electrons to donate.
Benzylic Position
The benzylic position refers to the location directly adjacent to a benzene ring in an organic molecule, which often exhibits unique reactivity.
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