Mike miller is the town manager of medfield, a town with 50,000 residents. at a recent town meeting, several citizens proposed building a large public swimming pool in the center of town for all of the residents to enjoy. a survey of all 50,000 residents revealed that the pool would be worth $50 to each of them. because the cost to build the swimming pool is only $1,000,000, manager miller arranges to have the pool built. everyone in town enjoys the pool, but when manager miller asks for donations to pay for the pool, he only collects $250,000. manager miller soon realizes thata. the pool is a club good. b. the survey was conducted improperly. c. the cost of the pool exceeded the social benefits. d. most residents of the town are probably free-riders at the pool.

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.