Only typed answer Back to AssignmentAttempts: ◇Keep the Highest: /45. Distribution of benefits and costsThe Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefits of $25 million and costs of $29million. For perspective, Verben's population is 60 million.Passing the legislation is inefficient and if everyone in Verben shared equally in both its benefits and its costs, the Parliament will voteagainst the legislation.If the costs of the legislation are concentrated among a few people instead of widespread among the population, those people will be willing to spendup to $25 million lobbying the Parliament against the legislation. (Note: Assume that the benefits are widespread; therefore, you can ignorethem in the calculations of the few who experience the costs.)The less widely spread are the benefits of the legislation, the higher is the likelihood of lobbying for the legislation by those who will incur itsbenefits.Suppose that, as before, the costs of the legislation are concentrated among a small group, the benefits are very widespread, and the Parliament isresponsive to lobbying. The likely amount spent on lobbying for the legislation is $25 million in which case the Parliament will likely votethe legislation.for

Any project's predicted benefits and costs can be evaluated using the cost-benefit analysis…

Assignment Attempts: 4 Keep the Highest: /4 5. Distribution of benefits and costs The Parliament, the legislature of the fictional country of Verben, is considering legislation that will generate benefit: million. For perspective, Verben's population is 60 million. Passing the legislation is inefficient , and if everyone in Verben shared equally in both its benefits and its cost against the legislation. If the costs of the legislation are concentrated among a few people instead of widespread among the population, the up to $25 million lobbying the Parliament against the legislation. (Note: Assume that the benefits are widespr them in the calculations of the few who experience the costs.) The less widely spread are the benefits of the legislation, the higher is the likelihood of lobbying for the legisla benefits. Suppose that, as before, the costs of the legislation are concentrated among a small group, the benefits are very wie responsive to lobbying. The likely amount spent on lobbying for the legislation is $25 million in which case th the legislation. for