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Recently, the following two projects have been proposed for South Australia:   The construction of a hydrogen power plant   The construction of a sporting/entertainment complex     Assignment Your task is to take ONE of the policies listed above and answer the below set of questions.  When answering the questions below, the focus should be on the policies themselves rather than any political debates or discourse. Using theory contained in the course, in particular starting from the notion of Pareto efficiency, outline the arguments for (or against) the use of public funding for your chosen policy. Your answer should include a discussion of any market failures involved.

Recently, the following two projects have been proposed for South Australia:   The construction of a hydrogen power plant   The construction of a sporting/entertainment complex     Assignment Your task is to take ONE of the policies listed above and answer the below set of questions.  When answering the questions below, the focus should be on the policies themselves rather than any political debates or discourse. Using theory contained in the course, in particular starting from the notion of Pareto efficiency, outline the arguments for (or against) the use of public funding for your chosen policy. Your answer should include a discussion of any market failures involved.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Recently, the following two projects have been proposed for South Australia:

 

  1. The construction of a hydrogen power plant

 

  1. The construction of a sporting/entertainment complex

 

 

Assignment

Your task is to take ONE of the policies listed above and answer the below set of questions.  When answering the questions below, the focus should be on the policies themselves rather than any political debates or discourse.

  1. Using theory contained in the course, in particular starting from the notion of Pareto efficiency, outline the arguments for (or against) the use of public funding for your chosen policy. Your answer should include a discussion of any market failures involved. 
  2.  
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