Use the following to answer question:
-(Table: Total Cost and Total Individual Benefit)Use Table: Total Cost and Total Individual Benefit.Assume there are 1,000 residents and they all have the same total individual benefit,as shown in the table.If the residents acted together,how many officers would they hire?
A)0
B)1
C)3

Question

Use the following to answer question: 
-(Table: Total Cost and Total Individual Benefit)Use Table: Total Cost and Total Individual Benefit.Assume there are 1,000 residents and they all have the same total individual benefit,as shown in the table.If the residents acted together,how many officers would they hire?
A)0 
B)1 
C)3

Quizplus · Accepted Answer

When residents act together, they will hire officers up to the point where the total cost equals the total individual benefit multiplied by the number of residents. Without the specific numbers from the table, the general principle is that the collective decision will aim to maximize the total benefit while covering the total cost. Given the premise that all residents have the same total individual benefit, they would likely hire a number of officers where this balance is achieved, which, based on the options provided, suggests that 3 officers is the correct choice without seeing the actual figures.

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