Question
Aung, Jeanette and Abdel areneighbourswho wish to construct a tennis court on the empty land that all three of their properties enclose. The tennis court
Aung, Jeanette and Abdel areneighbourswho wish to construct a tennis court on the empty land that all three of their properties enclose. The tennis court will cost approximately $70,000.The three are happy to share this cost to ensure that they can always use the court, even if another is using it.Aungvalues the court at $17,000; Jeanette values the court at $22,000.
Which of the following statements are true?
If Abdel values the court at $31,000 or above, the court will be constructed.
No individual will pay for the court on their own.
If Jeanette,Aungand Abdel only wished to play with different people, and not with each other, the court could berivalrousand may not be constructed.
The tennis court is an example of a public good ifAung, Jeanette and Abdel are able to use it amongst themselves at any time.
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