Multiple Choice
Luis, Mina, and Daniel all would like a play area while waiting at their children's bus stop. The neighborhood association is considering installing playground equipment at the bus stop. Luis values the equipment at $150, Mina at $100, and Daniel at $100. The equipment and labor for installation cost $300. If Luis, Mina, and Daniel are the only residents who value the equipment, what should the neighborhood association do?
A) Install the playground equipment because people would like a play area.
B) Do not install the playground equipment because the costs outweigh the benefits.
C) Install the playground equipment because the benefits outweigh the costs.
D) Do not install the playground equipment to prevent the Tragedy of the Commons problem of overuse.
Correct Answer:
Verified
Correct Answer:
Verified
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