Multiple Choice
Table 11-6
Consider the city of Widgetapolis with only four residents, John, James, Mary, and Lydia. The four residents are trying to determine how many hours to spend in cleaning up the public lake. The table below shows each resident's willingness to pay for each hour of cleaning.
-Refer to Table 11-6. Suppose the cost to clean the lake is $40 per hour and that the residents have agreed to split the cost of cleaning the lake equally. If it was decided that the lake will be cleaned for the number of hours that maximizes total surplus of Widgetapolis, how much individual surplus will Mary receive in total?
A) -$10
B) $15
C) $25
D) $116
Correct Answer:

Verified
Correct Answer:
Verified
Q45: At the local park there is a
Q46: Resources tend to be allocated inefficiently when
Q47: Goods that are rival in consumption include
Q48: Figure 11-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 11-1
Q49: Table 11-6<br>Consider the city of Widgetapolis with
Q50: On holiday weekends thousands of people picnic
Q51: A television broadcast is an example of
Q52: Table 11-3<br>This table describes the police protection
Q141: Are whales excludable? Are they rival in
Q161: If no one can be prevented from