Answer:
(D) Abby, Ben, and Clara
Explanation:
Given that each of the five citizens will share the cost of the public good equally (that is, $200 each), citizens who derive benefits greater than $200 are likely to vote in favor of an equal share of the cost since this option will result in a net benefit of the public good to them.
For instance, net benefit to Abby = $220 benefit - $200 cost = $20 net benefit.
On the other hand, citizens who derive benefits worth less than $200 are less likely to vote in favor of an equal share since an equal share will result in a net loss to them.
For instance, net loss to Matt = $120 benefit - $200 cost = $80 net loss.
Therefore, Abby ($220), Ben ($210) and Clara ($210) are likely to vote in favor of a proposal for an equal share of the cost, since the benefit they derive is greater than the cost in an equal share $200.
Answer:
True
Explanation:
A high cost-to-weight ratio means the product is expensive but does not weigh much.
Answer:
This is a false statement.
Explanation:
Price has certain effect on the demand of a product.
An increase in price may lead to higher demand while an decrease in price may lead to lower demand.
The increase or decrease in demand following the fall or rise in price varying amount different products.
Product demand is said to be elastic when a change in price has relatively big effect in the demand while it is said to be inelastic when a change in price lead to little change in demand of a product.
As a result, the statement quote in the question is false. Demand for a good should be said to be elastic instead given the quantity demanded increases substantially when the price falls by a large amount.
Answer:
More info needed. (See Explanation):
Explanation: Needed more info to be solveable.
