Business, 21.11.2019 21:31 ridgewoodschool88

Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the new year. fireworks cost $360. in each town, some people enjoy fireworks more than others.
a. in the town of bayport, each of the residents values the public good as follows:
frank - $50
joe - $100
callie - $300
would fireworks pass a cost-benefit analysis? explain.
b. the mayor of bayport proposes to decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents. who would vote in favor, and who would vote against? would the vote yield the same answer as the cost-benefit analysis?
c. in the town of river heights, each of the residents values the public good as follows:
nancy - $20
bess - $140
ned - $160
would fireworks pass a cost-benefit analysis? explain.
d. the mayor of river heights also proposes to decide by majority rule and, if the fireworks referendum passes, to split the cost equally among all residents. who would vote in favor, and who
would vote against? would the vote yield the same answer as the cost-benefit analysis?
e. what do you think these examples say about the optimal provision of public goods?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 23:30

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

Answers: 3

Answer

Business, 22.06.2019 15:40

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage

Answers: 1

Answer

Business, 22.06.2019 22:20

Which of the following is one disadvantage of renting a place to live compared to buying a home? a. tenants have to pay for all repairs to the building. b. the landlord covers the expenses of maintaining the property. c. residents can't alter their living space without permission. d. rent is generally more than monthly mortgage payments.

Answers: 1

Answer

Business, 22.06.2019 23:30

Shelby bought her dream car, a 1966 red convertible mustang, with a loan from her credit union. if shelby paid 5.1% and the bank earned a real rate of return of 3.5%, what was the inflation rate over the life of the loan?

Answers: 2

Answer

You know the right answer?

Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate...

Questions