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

question 66

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A village has five residents,each of whom has accumulated savings of $50.Each villager can use the money to buy a government bond that pays 10% interest per year or to buy a year-old goat,send it onto the commons to graze,and sell it after one year.The price of the goat that the villager will get at the end of the year depends on the amount of weight it gains while grazing on the commons,which in turn depends on the number of goats sent onto the commons,as shown in table below.  Number of goats  on the commons  Price per 2-year-old  goat ($)   Income per goat  ($/year)  180302752537020465155555\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.The villagers will buy a year-old goat if that goat can be sold for a price of at least _____ when it is a 2-year-old.


Definitions:

Temperature Control

The process by which organisms maintain their internal body temperature within certain limits, regardless of environmental conditions.

Thalamus

A critical brain structure that acts as a relay station, directing sensory signals to the appropriate areas of the brain for processing.

Forebrain

The front section of the brain, encompassing the cerebral hemispheres, thalamus, and hypothalamus, plays a crucial role in advanced cognitive and behavioral activities.

Sensory Information

Data received from the environment through the senses like sight, hearing, smell, taste, and touch, which is then interpreted by the brain.

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