Miguel, Maria, and Marcos all would like a place to sit while waiting at their children's bus
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Question:
Miguel, Maria, and Marcos all would like a place to sit while waiting at their children's bus stop. The neighborhood association is considering installing several park benches at the bus stop. Miguel values the benches at $ Maria at $ and Marcos at $ The park benches and labor for installation cost $ If Miguel, Maria, and Marcos are the only residents who value the benches, what should the neighborhood association do
a Install the park benches because people like places to sit.
b Do not install the park benches because the costs outweigh the benefits.
c Do not install the park benches to prevent the Tragedy of the Commons problem of overuse.
d Install the park benches because the benefits outweigh the costs.
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