Solved

(Table: Public Goods) the Table Shows the Number of Acres

Question 106

Multiple Choice

(Table: Public Goods) The table shows the number of acres of a public park that four residents demand at different willingness-to-pay levels. The total willingness to pay for 4 acres is
PQ1Q2Q3Q4071054169432583234721436105250061400703008020090100100000\begin{array}{|c|c|c|c|c|}\hline P & Q_{1} & Q_{2} & Q_{3} & Q_{4} \\\hline 0 & 7 & 10 & 5 & 4 \\\hline 1 & 6 & 9 & 4 & 3 \\\hline 2 & 5 & 8 & 3 & 2 \\\hline 3 & 4 & 7 & 2 & 1 \\\hline 4 & 3 & 6 & 1 & 0 \\\hline 5 & 2 & 5 & 0 & 0 \\\hline 6 & 1 & 4 & 0 & 0 \\\hline 7 & 0 & 3 & 0 & 0 \\\hline 8 & 0 & 2 & 0 & 0 \\\hline 9 & 0 & 1 & 0 & 0 \\\hline 10 & 0 & 0 & 0 & 0 \\\hline\end{array}


A) $10.
B) $14.
C) $18.
D) $22.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents