6. A town is in financial trouble and is considering imposing user fees for certain services. The current list consists of fire protection, police, schools, parks, and libraries. You are hired to advise them on this from an economist's perspective. For which of these would it be most (least) reasonable to use such an approach to funding? Explain your choices by discussing the effectiveness of a fee on each relative to the concept of a "Public Good" as defined in economics and whether such user fees would provide total funds consistent with the overall social benefit of each?

6. A town is in financial trouble and is considering imposing user fees for certain services. The current list consists of fire protection, police, schools, parks, and libraries. You are hired to advise them on this from an economist's perspective. For which of these would it be most (least) reasonable to use such an approach to funding? Explain your choices by discussing the effectiveness of a fee on each relative to the concept of a "Public Good" as defined in economics and whether such user fees would provide total funds consistent with the overall social benefit of each?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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