A Village Has Five Residents,each of Whom Has Accumulated Savings

question 96

Multiple Choice

A village has five residents,each of whom has 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. $$\begin{array} { c c c } \begin{array} { c } \text { Number of goats } \\\text { on the commons }\end{array} & \begin{array} { c } \text { Price per 2-year-old } \\\text { goat (\$) }\end{array} & \begin{array} { c } \text { Income per goat } \\\text { (\$/year) }\end{array} \\1 & 80 & 30 \\2 & 75 & 25 \\3 & 70 & 20 \\4 & 65 & 15 \\5 & 55 & 5\end{array}$$
Refer to the information given above.If each villager is purely self-interested,how many goats will be sent onto the commons?

• A)2
• B)3
• C)4
• D)5

---

Definitions:

Serial Monogamy

A pattern of engaging in successive monogamous romantic relationships, one after the other, without overlapping them.

Norms

Collective norms and guidelines that influence the actions of individuals within a group.

Sexual Relations

pertain to interactions or activities involving sexual intimacy between individuals, varying widely across different relationships and cultures.

Patriarchy

A social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.