4. A) How will the voters vote for putting a statue in the towns common area using the following data? (1) (2) (3) Dollar benefits Tax levied to individual $575 on individual $300 Individual A В $275 $300 C $260 $300 $250 $300 B) Explain using cost/benefit analysis if this is the best outcome for the town. c) Is majority rules voting actually best for society? Use FACTS to support your answer.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
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4. A) How will the voters vote for putting a statue in the towns common area using the following data?
(1)
(3)
(2)
Dollar benefits
Tax levied
on individual
$300
Individual
to individual
A
$575
В
$275
$300
$260
$300
D
$250
$300
B) Explain using cost/benefit analysis if this is the best outcome for the town.
c) Is majority rules voting actually best for society? Use FACTS to support your answer.
Transcribed Image Text:4. A) How will the voters vote for putting a statue in the towns common area using the following data? (1) (3) (2) Dollar benefits Tax levied on individual $300 Individual to individual A $575 В $275 $300 $260 $300 D $250 $300 B) Explain using cost/benefit analysis if this is the best outcome for the town. c) Is majority rules voting actually best for society? Use FACTS to support your answer.
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