Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Without government intervention, public goods tend to
Q110: Advocates of antipoverty programs claim that fighting
Q172: Consider a public road that anyone is
Q179: The national defense of the United States
Q207: On holiday weekends thousands of people picnic
Q273: In which of the following examples are
Q276: The free-rider problem exists with<br>A) apples.<br>B) knowledge.<br>C)
Q301: Knowledge is an example of a<br>A)public good.<br>B)private
Q311: The U.S. patent system<br>A)makes general knowledge excludable.<br>B)makes
Q365: A local park filled with picnickers is<br>A)excludable