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The City of Pleasantville has only 3 citizens: Mr. Miyagi, Mr. T, and Mrs. Butterworth. The City Council is thinking of creating a new park in Pleasantville for the citizens to enjoy. They recently sent a survey to each of the local residents asking them how much they would be willing to pay for each acre of this proposed park. The results of the survey are shown below as marginal values (so Mr. Miyagi would be willing to pay $18 for a 100 acre park and then $16 for the next 100 acres so $34 for 200 acres altogether).
|Number||Mr. Miyagi’s Marginal||Mr. T’s
|Mrs. Butterworth’s Marginal|
|of Acres||Willingness to Pay||Willingness to Pay||Willingness to Pay|
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