Figure 112 Amit and Bree Are the Only Two Homeowners

question 92

Multiple Choice

Figure 11.2 Amit and Bree are the only two homeowners on an isolated private road. Both agree that installing street lights along the road would be beneficial and want to do so. Figure 11.2 shows their willingness to pay for different quantities of street lights, the market demand for street lights and the marginal cost of installing the street lights.
-Refer to Figure 11.2.The optimal quantity of street lights to install is

• A) 3
• B) 4
• C) 6
• D) 9

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Definitions:

Breeder

An individual or entity that engages in the propagation of animals or plants, especially to enhance certain desired characteristics.

Dark-Colored Fish

Fish species that have darker shades of body coloration, often found in deeper waters or environments where such coloring provides camouflage or attracts mates.

Golden Retrievers

A popular dog breed known for their friendly, tolerant attitude, and intelligence.

Light-Colored Fish

Refers to fish species that exhibit lighter shades of coloration on their bodies, possibly for reasons related to their habitat or evolutionary adaptations.