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- Jacques, Kyoloo, and Winona are the only inhabitants of the small island of Fock. Unfortunately, the ishand backs at means of telling time Howevor, the inhabitants can import a public dock tower from a heighboring island at a cost of 118,000 . Once purchased, nothing coudd prevent any of the island's intrabitants from using the dock to tell what time ic is. The folowing table shows each individual's benefit from importing the dock tower. The total beriefit fiem the ciock to fock ir Therefere, it effigent for lacques, wyoko, and Winco to purthase the dock of the canmming woukt vote for this icgetion: The total benefit from the cock to Tock is - Therefore, it efficient for Jacques, Kyoko, and Winena to purchase the dock. If the commanity (Jaceqes; kyoko, and Winena, in this case) voted oe whether to divide up the cost of the clock into egual shares of s6,000 per person. of the comminhity would wote for this option. Kreko thies unsuccessfully to persuade Jacques and Winona that the Bland fieeds a miscile defense system. During their discuston, Kyoko and Jaceues get toopther and introduce a new vote. The nuw wote bundies two propotaluz the missile defonse nyitem and the proposal to divide the cost of the dock tower into eas sharei, Winons shil. simillaneousty, Thy is an oxample of - Jacques, Kyoloo, and Winona are the only inhabitants of the small island of Fock. Unfortunately, the ishand backs at means of telling time Howevor, the inhabitants can import a public dock tower from a heighboring island at a cost of 118,000 . Once purchased, nothing coudd prevent any of the island's intrabitants from using the dock to tell what time ic is. The folowing table shows each individual's benefit from importing the dock tower. The total beriefit fiem the ciock to fock ir Therefere, it effigent for lacques, wyoko, and Winco to purthase the dock of the canmming woukt vote for this icgetion: The total benefit from the cock to Tock is - Therefore, it efficient for Jacques, Kyoko, and Winena to purchase the dock. If the commanity (Jaceqes; kyoko, and Winena, in this case) voted oe whether to divide up the cost of the clock into egual shares of s6,000 per person. of the comminhity would wote for this option. Kreko thies unsuccessfully to persuade Jacques and Winona that the Bland fieeds a miscile defense system. During their discuston, Kyoko and Jaceues get toopther and introduce a new vote. The nuw wote bundies two propotaluz the missile defonse nyitem and the proposal to divide the cost of the dock tower into eas sharei, Winons shil. simillaneousty, Thy is an oxample of

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