2) subsidize 20% of state spending on road construction projects Assume 25 states will undertake the repairs regardless of federal funding, 15 states will undertake the repairs if they receive the federal subsidy, and 10 states will not undertake the repairs either way. How much spending on road construction occurs per dollar of federal spending from implementing option 2?

2) subsidize 20% of state spending on road construction projects Assume 25 states will undertake the repairs regardless of federal funding, 15 states will undertake the repairs if they receive the federal subsidy, and 10 states will not undertake the repairs either way. How much spending on road construction occurs per dollar of federal spending from implementing option 2?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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