Table 11-5
A small strip mall contains four retail stores, and crime has recently been on the increase in the neighborhood of the strip mall. The owners of the four stores - Stores A, B, C, and D - are considering contributing to a pool of money that will be used to hire up to 4 security guards. The table represents their willingness to pay, that is, the maximum amount that each store owner is willing to contribute, per day, to hire each security guard.

-Refer to Table 11-5.Suppose the cost to hire each guard is $100 per day and the 4 store owners have agreed to split the costs of hiring guards equally.Which store owner(s)would be opposed to hiring any guards?
A) only the owner of Store C
B) only the owners of Stores A and C
C) only the owners of Stores A, B, and C
D) All 4 store owners would be opposed to hiring any guards.

Question

Table 11-5
A small strip mall contains four retail stores, and crime has recently been on the increase in the neighborhood of the strip mall. The owners of the four stores - Stores A, B, C, and D - are considering contributing to a pool of money that will be used to hire up to 4 security guards. The table represents their willingness to pay, that is, the maximum amount that each store owner is willing to contribute, per day, to hire each security guard.
 
-Refer to Table 11-5.Suppose the cost to hire each guard is $100 per day and the 4 store owners have agreed to split the costs of hiring guards equally.Which store owner(s)would be opposed to hiring any guards?
A) only the owner of Store C 
B) only the owners of Stores A and C 
C) only the owners of Stores A, B, and C 
D) All 4 store owners would be opposed to hiring any guards.

Quizplus · Accepted Answer

The owner of Store C would be opposed to hiring any guards because the cost of hiring guards would be greater than the expected loss from theft.

Table 11-5 A Small Strip Mall Contains Four Retail Stores, and Crime