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AndrewKraus AndrewKraus
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6 years ago
Suppose there are three houses in a neighborhood. The residents are considering installing street lights and are trying to determine how many lights need to be installed. Each resident's willingness to pay for street lights is given in the table below.

Number of Street Lights   House 1   House 2   House 3
1   $300   $400   $200
2   $280   $360   $160
3   $240   $300   $120
4   $180   $220   $100
5   $80   $100   $10

If the cost of installing one light is $500, how many lights will be installed?
A) 1
B) 2
C) 4
D) 5
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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AndrewKraus Author
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#2
6 years ago
I'll share this with my friends, thank you for being there
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