Question 1 Not complete Marked out of 1 .00 l7 Flag question Suburb A has a high burglary rate and they are considering the installation ofanti-theft alarms. Each resident is willing to pay $30 for each additional antitheft alarm installed in the suburb. There are 107 residents in the suburb. The marginal cost of installing another anti-theft alarm is 10y, where y is the number ofanti-theft alarm. The socially efficient number of anti-theft alarms to be installed in this suburb is [Answer]. (In integers, please.) Answer: Question 4 Not complete Marked out of 1.00 Flag question There is a common area shared by residents in the village. The residents of the village would like to make use of the common area by investing in solar panels. The economic profit per solar panel depends on the number of panels that share the area. In particular, if N solar panels share the area, the gain from each of the N panels will be 20 - N. Suppose there are 20 residents, each at most can send one solar panel to the area. The marginal cost of installing an additional panel is constant at $10. If the residents make their decisions individually, how many solar panels will be in the area in equilibrium? [Answer] (In integers, please.) Answer: Check Question 5 Not complete Marked out of 1.00 Flag question Continue with the previous question, the socially optimal quantity (the quantity that maximizes total economic profit from solar panels for the village) is [Answer]. (In integers, please.) Answer: CheckQuestion 6 Not complete Marked out of 1.00 Flag question You and your neighbors are considering the installation of automatic hand sanitizer dispensers in the building due to the pandemic. Each resident is willing to pay $9 for each additional automatic hand sanitizer dispenser installed in the building. There are 2 residents living on each floor and there are 10 floors in the building. The marginal cost of installing another automatic hand sanitizer dispenser is given by 100 + 2Q. The efficient number of automatic hand sanitizer dispensers to be installed in the building is [Answer]. (In integers, please.) Answer: CheckQuestion 7 Not complete Marked out of1.oo V Flag question (Similar to 2021 Summer Final) There are 5 residents in a village. Each ofthem can earn an income by making pottery or by hunting wild deer. The amount of wild deer in the nearby forest is limited. Therefore, the income each resident earns from hunting wild deer decreases with the number of residents who choose to hunt. Ifthere are N residents hunting in the forest (N must be an integer), then each resident earns income Y = 24 4N. Alternatively, a resident can earn $7 if he or she chooses to make pottery. Suppose each resident individually decides whether to hunt wild deer or to make pottery. How many residents will choose to hunt wild deer? [Answer] (In integers, please.) Answer: Question 8 Not complete Marked out of1.oo V Flag question Continue with the previous question. Suppose the residents make decisions together to maximize the total income ofthe village, how many residents will hunt wild deer? [Answer] (In integers, please.) Answer: Question 9 Not complete Marked out of1.Do V Flag question Continue with the previous question. Suppose the residents make decisions together to maximize the total income ofthe village, the total income of the village is $[Answer]. (In decimal numbers, with two decimal places, please.) Answer: Question 1 0 Not complete Marked out uf1.00 \\v Flag question Continue with the previous question. Suppose whoever wants to hunt wild deer in the forest is required bylaw to obtain a hunting license with the license fee $T payable to the village government. To help maximize the village's total income, the license fee $T should be strictly larger than and smaller than (In integers, please.) eck Question 1 1 Not complete Marked out of1.00 \\V Flag question Continue with the previous question but without the license fee. Suppose now the village elects a leader, Nick, and he can allocate the residents in order to maximize the total income of the village. How many residents will be allocated to hunt deer? [Answer] (In integers, please.) Answer: eck Question 12 Not complete Marked out of 1.00 Flag question Residents in a hospitality town is considering setting up some visitor information boards. Each resident is willing to pay $10 for each additional information board installed in the town. There are 100 residents in the town. The marginal cost of installing another information board is 50N, where N is the total number of information boards. The efficient number of information boards to be installed in the town is [Answer]. (In integers, please.) Answer: CheckQuestion 13 Not complete Marked out of 1.00 Flag question Suppose Andy's and Ben's marginal benefits (in dollars) from a neighborhood water fountain are given as follows: Andy: MB = 30 - 2Q for Q s 15; MB = 0 for Q > 15 Ben: MB = 20 - Q for Q s 20; MB = 0 for Q > 20 where Q denotes the diameter of the fountain to be installed. Suppose that Q = 17.6m, the marginal benefit of an additional unit of the diameter of the fountain to the society is [Answer] dollars. (In decimal numbers, with two decimal places, please.) Answer: Check Question 14 Not complete Marked out of 1.00 P Flag question Continue with the previous question. Suppose that Q = 5.7m, the marginal benefit of an additional unit of the diameter of the fountain to the society is [Answer] dollars. (In decimal numbers, with two decimal please, please.) Answer: Check