Refer to Figure 4.5. If the group living in the house consists of Students A, B, and C, the aggregate willingness to pay to reduce CO concentration to 80 ppm is ______.

Question

Quizplus · Accepted Answer

According to the figure, Student A is willing to pay $40/yr, Student B is willing to pay $20/yr, and Student C is willing to pay $80/yr to reduce the CO concentration to 80 ppm. Therefore, the aggregate willingness to pay is $40 + $20 + $80 = $140/yr.