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There are four homes along Belmont Circle, which surrounds a small plot of land. The land currently has no trees, and the 4 homeowners --
There are four homes along Belmont Circle, which surrounds a small plot of land. The land currently has no trees, and the 4 homeowners -- Adams, Benitez, Chen, and Davis -- are considering the idea of contributing to a pool of money that will be used to plant up to 4 trees. The table represents their willingness to pay, that is, the maximum amount that each homeowner is willing to contribute toward each tree. Adams Benitez Chen Davis First tree $100 $115 $120 $90 Second tree 50 110 110 50 Third tree 20 100 80 30 Fourth tree 10 50 40 0 Refer to Table 11-4. Suppose the cost to plant each tree is $380 and the 4 homeowners have agreed to split all tree-planting costs equally. Which homeowner(s) would be opposed to planting any trees? a. only Adams, Benitez, and Davis b. Adams, Benitez, Chen, and Davis c. only Adams and Davis d. only Davis
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