Figure 5-8 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 5-8 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 5-8.How much is Amit willing to pay to have 4 street lights installed?

Question

Figure 5-8  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 5-8 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 5-8.How much is Amit willing to pay to have 4 street lights installed?

Quizplus · Accepted Answer

The Answer of Figure 5-8  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 5-8 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 5-8.How much is Amit willing to pay to have 4 street lights installed?

Figure 5-8 Amit and Bree Are the Only Two