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Scenario: Suppose There Are Only Three Houses on a Street

Question 147

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Scenario: Suppose there are only three houses on a street. The following table shows each homeowner's willingness to pay for street lights. It costs $700 to install a street light.
Scenario: Suppose there are only three houses on a street. The following table shows each homeowner's willingness to pay for street lights. It costs $700 to install a street light. -Refer to the scenario above.The socially optimal number of street lights for this street is ________. A) 0 B) 1 C) 2 D) 3
-Refer to the scenario above.The socially optimal number of street lights for this street is ________.


A) 0
B) 1
C) 2
D) 3

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