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Consider the town of Tritown with only three residents, Ed. Jim, and Tony. The three residents are trying to determine how large, in acres, they

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Consider the town of Tritown with only three residents, Ed. Jim, and Tony. The three residents are trying to determine how large, in acres, they should build the public park. The table below shows each resident's willingness to pay for each acre of the park. Acres lim Tony $12 528 24 8 4 Refer to Table 11-1. Suppose the cost la huild the park is $14 per acres. How large should the park be in maximize total amplus from the park in Tritown? 3 acres 'S ucies d. 2 acres

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