61.RefertoTable11-1.Supposethecosttobuildtheparkis$24peracre.HowmanyacresshouldtheparkbetomaximizetotalsurplusfromtheparkinSpringfield?
a.1acres
b.2acres
c.3acres
d.4acres
62.RefertoTable11-1.Supposethecosttobuildtheparkis$9peracre.HowlargeshouldtheparkbetomaximizetotalsurplusfromtheparkinSpringfield?
a.2acres
b.3acres
c.4acres
d.5acres
63.RefertoTable11-1.Supposethecosttobuildtheparkis$24peracreandthattheresidentshaveagreedtosplitthecostofbuildingtheparkequally.Iftheresidentsvotetodeterminethesizeofparktobuild,basingtheirdecisionsolelyontheirownwillingnesstopay(andtryingtomaximizetheirownsurplus),whatisthelargestparksizeforwhichthemajorityofresidentswouldvote“yes?”
a.0acres
b.1acre
c.2acres
d.3acres
64.RefertoTable11-1.Supposethecosttobuildtheparkis$9peracreandthattheresidentshaveagreedtosplitthecostofbuildingtheparkequally.Iftheresidentsvotetodeterminethesizeofparktobuild,basingtheirdecisionsolelyontheirownwillingnesstopay(andtryingtomaximizetheirownsurplus),whatisthelargestparksizeforwhichthemajorityofresidentswouldvote“yes?”
a.1acre
b.2acres
c.3acres
d.4acres
65.RefertoTable11-1.Supposethecosttobuildtheparkis$24peracreandthattheresidentshaveagreedtosplitthecostofbuildingtheparkequally.Tomaximizehisownsurplus,howmanyacreswouldCedriclikeSpringfieldtobuild?
a.0acres
b.1acre
c.2acres
d.3acres
66.RefertoTable11-1.Supposethecosttobuildtheparkis$24peracreandthattheresidentshaveagreedtosplitthecostofbuildingtheparkequally.Iftheresidentsdecidetobuildaparkwithsizeequaltothenumberofacresthatmaximizestotalsurplusfromthepark,howmuchtotalsurpluswillSophiareceive?
a.-$5
b.-$2
c.$0
d.$2
67.RefertoTable11-1.Supposethecosttobuildtheparkis$24peracreandthattheresidentshaveagreedtosplitthecostofbuildingtheparkequally.Iftheresidentsdecidetobuildaparkwithsizeequaltothenumberofacresthatmaximizestotalsurplusfromthepark,howmuchtotalsurpluswillAmberreceive?
a.$0b.$26c.$32d.$56
Table11-2
Considerasmalltownwithonlythreefamilies,theGreenefamily,theBrownfamily,andtheBlackfamily.Thetowndoesnotcurrentlyhaveanystreetlightssoitisverydarkatnight.ThethreefamiliesareconsideringputtinginstreetlightsonMainStreetandaretryingtodeterminehowmanylightstoinstall.Thetablebelowshowseachfamily’swillingnesstopayforeachstreetlight.
Number ofStreetlights
TheGreeneFamily
TheBrownFamily
TheBlackFamily
1
$340
$480
$420
2
260
380
400
3
160
260
340
4
40
130
240
5
0
50
100
6
0
0
20
68.RefertoTable11-2.Supposethecosttoinstalleachstreetlightis$900.Howmanystreetlightsshouldthetowninstalltomaximizetotalsurplusfromthestreetlights?
a.1streetlight
b.2streetlights
c.3streetlights
d.4streetlights
69.RefertoTable11-2.Supposethecosttoinstalleachstreetlightis$360.Howmanystreetlightsshouldthetowninstalltomaximizetotalsurplusfromthestreetlights?
a.1streetlight
b.2streetlights
c.3streetlights
d.4streetlights
70.RefertoTable11-2.Supposethecosttoinstalleachstreetlightis$900andthefamilieshaveagreedtosplitthecostofthestreetlightsequally.Ifthefamiliesvotetodeterminethenumberofstreetlightstoinstall,basingtheirdecisionsolelyontheirownwillingnesstopay(andtryingtomaximizetheirownsurplus),whatisthegreatestnumberofstreetlightsforwhichthemajorityoffamilieswouldvote“yes?”
a.1streetlight
b.2streetlights
c.3streetlights
d.4streetlights
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