Van, Amy, and Carlos are the only voters in a small society and are considering whether to publicly finance a project.Indicate in the following table what each individual's vote would be and whether the public project will be funded.NameMarginal CostMarginal BenefitVoteVan$300$10Amy$300$305Carlos$300Total$900$345$660If this same project were taking place in the private sector, a firmfund the project.In private markets, decisions to provide goods or services to the market are generally made if marginal benefitscomparison, the decisions to provide goods and services by governments are made throughmay approve projects whose coststheir benefits.marginal costs. In. As a result, governments

Public vs. Private Project Funding AnalysisTable:NameMarginal CostMarginal…

Answered: Van, Amy, and Carlos are the only…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 24P: Assume that the marginal private costs of a film producing fuel-efficient can; is greater than the...

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ded Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Voter Marginal Benefit Xavier Yoho Zest 1 If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice $ 500 200 2,000 O defeat this project and resources will be underallocated to it. defeat this project and resources will be allocated efficiently. pass this project and resources will be overallocated to it. defeat this project and resources will be overallocated to it. SEP 5 ▶ -
Answer the question on the basis of this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. Voter Xavier Yoho Zest Marginal Benefit $ 500 200 2,000 If the tax cost of this proposed project is $600 per person, a majority vote will Multiple Choice defeat this project and resources will be overallocated to it. pass this project and resources will be overallocated to it.
Don't use chatgpt.....I will 5 upvotes Answer the question based on this table showing the marginal benefit that a particular public project will provide to each of the three members of a community. No vote trading is allowed. \table[[Voter,Marginal Benefit],[Joe,$600
Suppose there 3 people-1,2,3,and 3 projects-A BC The individual preference is as follows 1 C В A 2 A В 3 A Sketch the preferences Will any project be chosen by a majority vote rule? If so, which one If not, explain it Suppose there three voters ABC and three projects-environmental protection, technology research and innovation and medicare program. The net benefit of three people ABC from the im plementation of three project are as follows environmental protection technology research and innovation medicare program A +100 -80 -80 В -120 +150 -100 C -60 -110 +70 Question Which issue would pass if decided by majority rule? Is this the efficient outcome? Which issues would pass if logrolling is allowed? And how? Would it result in efficient result?
Assume that the marginal private costs of a film producing fuel-efficient can; is greater than the marginal social costs. Assume that the marginal private benefits of a firm producing fuel efficient cars are the same as the marginal social benefits. Discuss one wags.r that the government cans ï¬‚y to increase production and sales of fuel efficient cars to the socially desirable amount. Hint: the government is flying to affect production through costs, net benefits.
Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street lights and light houses but not radio stations (other than PBS stations)?
Project Repair highways Build new highways Build a new bridge Build a new tunnel Expand existing airport Total Cost (in millions) $100 $100 $100 $100 $100 Total Benefit (in millions) $80 $90 $140 $115 $130 This table shows the costs and benefits for some new projects that a local government is considering. Based on these costs and benefits, which project should the government select? O Build new highways O Expand existing airport O Build a new bridge O Build a new tunnel O Repair highways
1. How did Covid-19 affect businesses and the overall economy? 2. Governments and pharmaceutical companies rushed quickly ahead to develop a vaccine. Vaccinations and immunizations are examples of positive externalities. A positive externality is when an activity creates a benefit for those who are not involved in the transaction, a third party. Let’s examine the vaccination of Covid-19 as a positive externality. Question: Why is the Covid-19 vaccination considered a positive externality? 3. Market supply curve S and private demand curve Dp represent the market for vaccinations. Equilibrium is at point e, and the number of people getting the vaccination is Qe. Society would benefit, however, if more people would get the vaccination. Demand curve DS represents the marginal social benefit (MSB), which includes the private demand for vaccinations plus the external benefits that flow from it. Socially optimal enrollment would be Q1 (point f). Society would benefit the most by…
Answer the question on the basis of the following table that shows the total costs and total benefit facing Stadium A B C D Total Cost $200 $220 $240 $260 Total Benefit $370 $395 $450 $470 a city of four different potential baseball stadiums of increasing size. All figures are in millions of dollars. OA OC OB OD Suppose a five-person city council must decide via majority voting which of these stadiums to build. Also, suppose that each of the stadium sizes has the support of one council member. Accor voter model, the council will ultimately vote in favor of the stadium
The following table shows the number of voters preferring various amounts of spending on a new school. Number of Voters 12 33 47 22 6 4 1 Select one: a. $0.5 b. $1.5 c. $2.0 d. $1.0 Preferred Spending (millions) $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 Refer to the table above. What is the preferred spending amount of the median voter?
A ng.cengage.com/static/nb/ui/evo/index.html?deploymentld%3598281247957E 1Gmail E eAccount Quick Car.. B Calendar | Navigate Main Street Comm. 劉 Ta « CENGAGE MINDTAP Homework (Ch 10) Back to Assignment Atempts Keep the Highest/3 Tools 7. Correcting for negative externalities - Taxes versus tradablepermits Power stations emit sultur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a ps negative externality of power production. Suppose the u.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To da this, the government can charge firms for pollution rights (the right ta emit a given quandity of sulfur dioxide). The following graph ps shows the daly demand for polution rights. Lise the graph input tool to hel you answer the fallowing questions. You wit not be praded on any changes you make to this graph. Note: Once you enter a value in a white feld, the graph and any…
Two political candidates are vying for town mayor,and the key issue is how much to spend onthe annual Fourth of July fireworks. Among the100 voters, 40 want to spend $30,000, 30 want tospend $10,000, and 30 want to spend nothing atall. What is the winning position on this issue?a. $10,000b. $15,000c. $20,000d. $30,000

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