Multiple Choice
Table 11-5
A small island off the coast of Cape Cod contains two restaurants and two retail stores. Tourists need to take a ferry boat to reach the island, but with a recent slowdown in the economy, tourists are less willing to pay for the boat ride to visit the island. The owners of the restaurants and stores on the island - Restaurants 1 and 2, and Stores A and B - think that if tourists could ride the ferry for free, they would be happy to visit the island, eat and shop. The business owners are considering contributing to a pool of money that will be used to pay for roundtrip ferry service each day. The table represents their willingness to pay, that is, the maximum amount that each business owner is willing to contribute, per day, to pay for each ferry trip. 
-Refer to Table 11-5. Suppose the cost to run the ferry for each roundtrip is $1,000 per day and the 4 business owners have agreed to split the costs of the ferry trips equally. How many ferry trips would the owner of Store A prefer to have?
A) 0
B) 1
C) 2
D) 3
Correct Answer:
Verified
Correct Answer:
Verified
Q124: A traffic light would be considered a
Q139: Goods that are excludable include both<br>A)club goods
Q181: In what sense is it meaningful to
Q283: Scenario 11-1<br>Becky is a single mother of
Q284: Using a toll to reduce traffic when
Q286: Scenario 11-1<br>Becky is a single mother of
Q287: Too few resources are devoted to the
Q289: Which of the following goods is both
Q292: Because elephants roam freely in many countries
Q293: The U.S. government protects fish, a common