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

question 23

Multiple Choice

Table 11-2
Consider a small town with only three families, the Greene family, the Brown family, and the Black 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 $900 and the families have agreed to split the cost of installing the streetlights equally. To maximize their own surplus, how many streetlights would the Black's like the town to install?

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

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Definitions:

Intellectual Growth

The development of mental faculties and acquisition of knowledge and understanding.

Critical Period

A specific time during development when the presence or absence of certain experiences has a profound effect on the development of the individual.

Imprinting

A form of rapid learning occurring at a particular life stage that establishes a long-lasting behavioral response to a specific individual or object.

Creolization

The process of blending cultural traits, typically in the context of language formation among people who come into contact.