4. A) How will the voters vote for putting a statue in the towns common area using the following data?(1)(3)(2)Dollar benefitsTax leviedon individual$300Individualto individualA$575В$275$300$260$300D$250$300B) 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.

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.

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.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section: Chapter Questions

Problem 12QP

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A) How will the voters vote for putting a statue in the towns common area using the following data? (1) Individual (2) Dollar benefits to individual (3) Tax levied on individual A $575 $300 B $275 $300 C $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?
A. How will the voters vote for putting a statue in the towns common area using the following data? B. Explain using cost/benefit analysis if this is the best outcome for the town? individuals dollar benefits to individuals tax levied on individuals 1 $1525 $1000 2 $1315 $1000 3 $505 $1000 4 $845 $1000 5 $1150 $1000
2. A) How will the voters vote for putting a statue in the towns common area using the following data? Dollar benefits Tax levied Individuals to individuals $1,525 $1,315 $505 on individuals $1,000 $1,000 $1,000 $1,000 $1,000 Milton Maria Jaime Maynard $845 Kenneth $1,150 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.
Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop alist of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups: 1. Owners of small businesses located nearby.2. Town residents, and residents of nearby towns. How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?
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 ▶ -
2. Suppose that there are 1,000 voters in your city. A total of 400 are willing to pay up to $25 each for the construction of a park, and the other 600 are willing to pay only $10. The construction of the park will cost $12,000. Someone proposes a vote on whether to tax each citizen $12 in order to finance the park. (a) What will be the result according to the median voter model? Is this result socially efficient? Explain. (b) What if instead of being willing to pay up to $25 each, the 400 residents were willing to pay up to $50 each?
2.9. The following informal descriptions of voting methods do not represent social choice functions as we have defined them. Explain why not.(a) (Mini-quota) Any candidate with at least 25% of the votes is declareda winner.(b) (Approval voting) Every voter answers a yes-or-no question abouteach candidate: “Is she acceptable?” Whichever candidate is acceptable to the most voters is declared the winner.(c) (Copeland without ties) The winners of the Copeland method become our finalists. If there is more than one finalist, the tie is resolvedby drawing straws.(d) (Condorcet candidate) Pick the candidate who defeats each of theother candidates in a head-to-head election
1. What is the difference between private and social costs?2. How can the government intervene to force consumers to internalize external costs associated with: a. negative externalities? b. positive externalities?3. Differentiate between public good and common resources.4. What are the advantages of a flat tax system?
1. Explain positive and negative externalities with the help of examples? 2. explain the difference between public, common resource and club goods with the help of characteristics also mention the examples in your answer? 3. explain the different measures taken by the government to deal with the poverty in United States?
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
1. Externalities - Definition and examples
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