Question

10 Artville is deciding whether to purchase a new statue for the center of town. The statue will cost the city $17,000 and will only be purchased if the costs are covered. The city is asking for households to help cover the cost of the statue, but households are not forced to contribute Instructions: Enter your answer as a whole number 133 a. If households are asked to contribute $5 each to help cover the cost of the statue, how many households will need to contribute? points households b. If the population of Artville is 7,000 households, of which 5,000 households are expected to free ride will the city be able to afford the statue if it charges each household $13? References o Yes No

Answer 1

@ It households are asked to Contribute $5 Each to help cover the costs of the statue how neauty howe.baldi cell need to contribute ? 1 3400) households. - - Anut Anut Given by l households = $5 Given by . (A) Total Anut needed {A) = No. of Household (n)? $17.000 A = $17000 S7000 lousehol In = 3400] D YES Because Total Amb - collechod = $13 (7000-5000) = $26000 © obtor B-monex Clu Ophion D Non Excllidable and Non Rival is correct option Because public Good are howing free - Rider problem which have the Non-Excludable and Non Rival Ex-Lighthouse If I Redric pollution :